Mortgage rates took a slight dip below 7% after a better-than-expected economic report showed inflation was easing. One financial pro says the dip is an opportunity prospective homebuyers shouldn’t miss Read more
Tag: Mortgage Planning/Trends
With Senate results too close to call, food-aid programs for low-income Americans hang in the balance, and mortgage refinancing demand falls to lowest level since 2000
Hi, MarketWatchers. Don’t miss these top stories. With Senate results too close to call, food-aid programs for low-income Americans hang in the balance The farm bill determines everything from agricultural Read more
Consumers turn to credit cards, personal loans to get by during inflation: data
People are resorting to credit cards and unsecured personal loans to cope with the bite of high inflation, new data shows — all while borrowing costs rise and the U.S. Read more
A home buying tactic from the ’70s and ’80s is seeing a revival—here’s how it works and what buyers and sellers get out of it
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it Read more
Latinos are crucial to the economy — but banks don’t always meet their needs
When it comes to banking, Mireya Olvera knows that Latino consumers want to feel understood — or, at the very least, like the person on the other end of the interaction Read more
Don’t make this big mistake as your house hunt drags on
As mortgage rates continue their stomach-turning rise and serious shoppers compete for a limited supply of homes, would-be home buyers may be struggling to make a successful offer before their Read more
Property appraisers valued an interracial couple’s home at $310,000 when they met the Black homeowner — but gave their white partner a $350,000 valuation
Interracial couples were assigned different appraisal values for their homes in the Baltimore, Md., area depending on the skin color of the partner who greeted the appraiser and whether the Read more
Inflation takes its toll on American finances as emergency funds run dry and mortgage rates surpass 7%, Freddie Mac says
Hi, MarketWatchers. Don’t miss these top stories. ‘The calm before the storm’: Employer healthcare premiums hold steady despite inflation, but experts warn that may not last Healthcare inflation will likely Read more
Republican and Democratic parents ‘deeply polarized’ over K-12 school subjects ahead of midterm elections and mortgage applications drop after rates top 7%, the highest since 2001
Hi, MarketWatchers. Don’t miss these top stories. An increase in Social Security can only do so much — new thinking is needed for older adults in the modern workforce For Read more
My boyfriend has a nicer house, and says I should live with him. My mortgage is paid off. He believes I should pay half of his monthly costs. Is that fair?
Dear Quentin, My boyfriend owns a house with a 30-year mortgage balance of $150,000 on a 4% interest rate. He has $275,000 in cash and retirement accounts. He is retired. Read more