Think you can afford a $1 million home? A real estate expert breaks down the salary you really need—and it’s more than most ...

Rising house prices and steeper borrowing costs have pushed up the proportion of salary used to pay a monthly mortgage.

The average monthly mortgage payments for new first-time buyers could increase to an average of 40% of their gross salary as the Bank of England increases the interest rate by 0.5%.

Nationstar Mortgage LLC, the nation’s largest non-bank servicer of home mortgages, has agreed to refund or reverse more than $1 million in inspection fees, settling allegations by Maryland ...