Nora Colomer

Renters and homeowners have had to downsize, tap their retirement savings and delay critical housing repairs to afford the high cost of housing, a recent Nationwide survey said.

Some of the provisions under SAVE are now stalled as a result of a court-ordered block. 

Home prices increased again in April, hitting a new high that will likely keep homebuyers sidelined even as mortgage rates begin to soften.

Almost half (49%) of all parents have a plan to cover the total cost of college before their child enrolls, a recent survey said.

Only 33% of borrowers are repaying student loan debt and 1 in 2 seek relief under an income-driven repayment plan or want outright forgiveness.

Homeowners are also willing to spend more than $1,000 to prepare their homes against hurricanes, but a majority have no plan ahead of this year's hurricane season, according to a recent survey.

Millennials are among the generational segments that have locked in on low mortgage rates, but life circumstances are more likely to pressure this group to unlock low rates to move, a recent Freddie Mac report said.

New Freddie Mac product would help homeowners tap their home equity without losing their existing low-rate first mortgages.

The average 30-year fixed-rate mortgage was 6.95% for the week ending June 13, according to Freddie Mac's latest Primary Mortgage Market Survey.