Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. The typical monthly payment on a median-priced $440,950 home at today’s 6.74% mortgage rate is roughly $2,286. (That’s assuming a 20% down payment and excluding tax and insurance.)

Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.

Find out how affordable your home equity borrowing options could be today.

Missing a mortgage payment can have detrimental consequences such as foreclosure. In addition, this can also affect your credit score.

First-time buyers struggle with high home prices and mortgage rates near 25-year highs. Assumable VA loans offer one option for lower interest costs.

Mortgage rates dropping to 6% would allow for over 5 million more households to afford a home, according to the National Association of Realtors.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.87% from 5.92% last week. A year ago, it was 6.07%, Freddie Mac said.