What is the monthly payment on a $700,000 mortgage?

What is the monthly payment on a 0,000 mortgage?

A mortgage loan of $700,000 may sound high. But if you’re in hot real estate markets like California, Hawaii, or Washington, DC, it may be closer to the norm — especially if you’re looking to buy a larger home. So the question is: do the monthly payments on a $700,000 mortgage fit your budget? Read … Read more

Rates barely above 6%, but look for even lower deals

Rates barely above 6%, but look for even lower deals

Mortgage rates are barely above 6%, but some lenders are already offering home loans in the mid-5% range. According to Zillow data, the 30-year fixed mortgage rate is 6.01%and the 15-year fixed rate is 5.44%. Here are the current mortgage rates, according to the latest Zillow data: 30 years fixed: 6.01% 20 years fixed: 5.95% … Read more

The stability makes the rates easy to buy

Rates barely above 6%, but look for even lower deals

With so little volatility, mortgage rates remain easy to buy right now. According to Zillow data, the 30-year fixed mortgage rate is 6.03%and the 15-year fixed rate is 5.42%. The 30-year interest rate has been content to remain largely unchanged since late October. Here are the current mortgage rates, according to the latest Zillow data: … Read more

Social Security’s cost of living adjustment (COLA) changes after the Fed cut rates again

Social Security’s cost of living adjustment (COLA) changes after the Fed cut rates again

COLA 2026 was announced at 2.8% in October 2025. Fed projections suggest a potential COLA for 2027 in the range of 2.3% to 2.6% if CPI is slightly above PCE. Retirees who rely on interest income from CDs and savings accounts have seen their earnings drop after recent rate cuts. If you’re thinking about retiring … Read more

Bank of Canada rate cuts have failed to lift the housing market. Here’s where it goes next

Bank of Canada rate cuts have failed to lift the housing market. Here’s where it goes next

Experts describe a market defined by caution: falling prices, low sales volumes and no sense of urgency on either side of the deal. (Lance McMillan/Toronto Star via Getty Images) · Lance McMillan via Getty Images Sixteen months of interest rate cuts should have rattled Canada’s housing market. Instead, the sector barely moved — and with … Read more