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Should you refinance your mortgage? Here are three signs it's time, real estate experts say

Mortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.

Philadelphia , Pennsylvania , United-states , Veronica-fuentes , Jeff-ostrowski , Freddie-mac , Chen-zhao , Corelogic-closingcorp , Northwestern-mutual , Federal-reserve ,

Here are three signs it might be time to refinance your mortgage

Mortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.

Jeff-ostrowski , Federal-reserve , United-states , Redfin-corp , Investment-strategy , Personal-finance , Real-estate , Housing , Mortgages , Interest-rates , Breaking-news-investing

How much you need to make to afford a home in NY, NJ, CT

The salary needed to afford a home in the NYC area is pretty steep, as you might expect -- begging the question: how much do you need to make a year to afford a home in NY, CT and NJ?

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Down Payment on Homes Jump Nearly 25 Percent in One Year to Almost $56,000

Down Payment on Homes Jump Nearly 25 Percent in One Year to Almost $56,000
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You need to earn at least $100K to afford a typical home in these states, where Wisconsin sits: analysis

You need to earn at least $100K to afford a typical home in these states, where Wisconsin sits: analysis
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You need to earn at least $100K to afford a typical home in these states: analysis

Decades ago, average house sold for less than $100,000. Now, you need to earn at least that to afford the typical home.

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You need to earn at least $162K to afford a typical home in Massachusetts: analysis

Decades ago, average house sold for less than $100,000. Now, you need to earn over $162,000 to afford the typical home in Massachusetts.

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New home buyer in NJ? This is how much you need to earn

A big part of this affordability squeeze is that home price appreciation has far outpaced wage growth, Jeff Ostrowski, an analyst for Bankrate, told New Jersey 101.5.

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