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

FULL STORY: Millennials Are More Stressed About Their Mortgage Payments Than Any Other Generation Millennials, facing soaring home values and high interest rates, are more stressed about paying mortgages than any other generation, with only 50% believing in homeownership as part of the American dream.

Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.

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

The average rate on the 30-year fixed mortgage fell this week to 6.74%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.75%.

Facing higher home prices and interest rates, many buyers are looking for mortgage co-signers. But things can get tricky when it’s time to sell.

VantageScore could potentially help younger borrowers or others with limited credit histories qualify for home loans or get better rates, saving them money.

Sen. Adam Schiff is under scrutiny after the FHFA accused him of falsifying documents to claim primary residency in both Maryland and California in order to secure favorable mortgage terms.