Weekly Mortgage News Roundup for Jan. 29, 2021

Here are our top mortgage news stories from the past week. Check them out!

Mortgage rates climbed a little in early 2021 but have since dropped back down again. Refinance rates have followed a similar pattern. Here's what else has been happening with mortgages.

• FHFA Extends Multifamily Property Forbearance Through March 2021

Landlords who own properties that are zoned for multiple tenants can now request mortgage forbearance through March 31. Under forbearance, mortgage payments can be paused for up to 360 days. Given the number of tenants who have fallen behind on their rent, many landlords are struggling to make their mortgage payments, so the fact that they get more time to request forbearance is a good thing.

• Should You Move to the Suburbs in 2021?

The coronavirus pandemic has spurred a mass exodus from cities as more people seek out larger homes. But is a suburban move right for you? Here are some benefits and drawbacks to consider.

• FHA Loan Limits Rise: Here's What You Need to Know

FHA loans are a great option for borrowers who can't swing a large down payment and don't have the best credit. And now, you can borrow a higher amount if you take out an FHA loan. This especially holds true if you're buying in certain high-cost areas of the country.

• How to Save for a Home While Paying Off Debt

You don't need to put your homeownership plans on hold just because you're carrying debt. Here's how to tackle your existing obligations while also socking away funds for a place of your own.

• 3 Tricks to Get a Home Seller to Come Down on Price

Sellers have the upper hand in today's housing market. Here are a few strategies you can employ to pay less for a home at a time when prices are up across the board.

• 3 Reasons Not to Move Forward With a Home Purchase

Low mortgage rates make it an appealing time to buy a home. But you don't want to end up with the wrong home. Here are a few reasons to walk away from a purchase.

Whether you're hoping to buy a home this year, are looking at refinancing your current mortgage, or simply want to know what's happening with the housing market, be sure to check out The Ascent's mortgage coverage each week. We're busy gathering your top mortgage stories so you can stay clued in.