Financial markets have reacted in shock to the Federal Reserve’s strengthened vow to continue tightening of monetary policy to fight high inflation. The S&P 500 has declined 10.5% over the Read more
Tag: Mortgage Planning/Trends
Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021
Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to Read more
Opinion: I was CEO of one of the largest U.S. mortgage lenders: This move would lower the cost of buying a home.
It’s a difficult time to shop for a new home. The cost of a 30-year fixed-rate mortgage has declined recently but is still hovering around 5% — almost double the Read more
I want to buy a ‘forever’ home with my son and his wife. How can I protect myself?
Dear Harry, I recently sold my condo so that I can buy a “forever” home with my son and his wife (they have also sold their home). We agreed to Read more
Opinion: The solution to China’s giant mortgage crisis is obvious — except to Beijing
China’s ongoing housing mortgage crisis will end up being much more significant than just the Evergrande default a year ago. This is largely because of the scale of the problem and the Read more
FHA loan requirements, limits and rates for 2022
What you need to know now about FHA loans. Getty Images/iStockphoto Many people looking for an affordable mortgage — especially buyers who might not have a lot of savings for Read more
Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says and these cost-effective cooking tips won’t leave you with an empty stomach — or wallet
Hi, MarketWatchers. Don’t miss these top stories. This startup founded by former Airbnb employees lets you try out vacation homes before you buy them Try before you buy: second-home edition. Read more
Is the housing market in a recession? Here’s what economists are saying and mortgage rates fluctuate, fall slightly on the back of the Fed’s rate hike
Hi, MarketWatchers. Don’t miss these top stories. Is the housing market in a recession? Here’s what economists are saying Economists are divided over whether to say the housing market’s in Read more
Mortgage rates hit their lowest levels in weeks — and here are even more ways to save on your mortgage
The latest mortgage rates Getty Images Mortgage rates are dipping. Back in June, 30-year fixed rates hit 6%, but this month we have watched them fall. Indeed, 30-year fixed mortgages Read more
‘I love Tucson. It’s a progressive place in a red state’: But I want to be near my daughter in Brooklyn. Should I sell my home and buy in New York — or rent?
I am a 66-year-old high-school teacher in Tucson, Ariz. I have a home downtown, near the University of Arizona, which is valued at $610,000. I have about $105,000 left on Read more