Chris Jennings
Chris Jennings is a deputy editor and authority on mortgages and loans at Forbes Advisor. With more than seven years of experience in the personal finance and mortgage space, his articles have been featured in multiple publications nationwide, including Yahoo Finance, MSN and Fox Business. In his spare time, Chris enjoys reading fiction and watching a good movie. He dreams of one day owning a home with an unreasonably large kitchen island. Expertise Mortgages Home equity Mortgage refinancing Housing market Mortgage rates
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The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
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Examples:
No current examples available.
Conflicts of Interest
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No current examples available.
Contradictions
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Examples:
- The average interest rate on a 30-year fixed mortgage is currently 7.65%.
- The average rate on a 15-year fixed mortgage is 6.90%.
Deceptions
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No current examples available.
Recent Articles
Mortgage Rates Surge to Highest Level of the Year: What It Means for Homebuyers
Broke On: Monday, 01 April 2024Mortgage rates have surged to their highest level of the year, averaging 7.5% for the popular 30-year fixed mortgage. This upward trend, driven by inflation concerns and Fed Chair Jerome Powell's comments, has led to a rise in sales data reflecting the impact on homebuyers. Despite this, mortgage applications have only slightly increased compared to last year, with experts urging potential buyers to act quickly due to strong economic data keeping rates elevated. Additionally, rising material costs are causing builders to increase prices and further impact affordability.