A “great slowdown” is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens. Amid weak Read more
Tag: real estate credit
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
‘Purchase demand continues to tumble’: Mortgage rates fluctuate, fall slightly on the back of the Fed’s rate hike
The 30-year fixed-rate mortgage averaged 5.3% for the week ending July 28, according to data released by Freddie Mac on Thursday. That’s down 24 basis points from the previous week Read more
Do not leave any paper trail: how a group of sovereign citizens used a phony credit repair business to amass a real estate empire
Bad credit? No problem. A group of alleged scam artists have been charged with running a fraudulent credit repair business and then using their clients’ identities to get mortgages on Read more
Cracks in subprime auto, fears of repo revival aren’t yet drying up Wall Street financing
Soaring used-car prices have kept a key spigot of funding for the record $1.6 trillion subprime auto loan market open, even as cracks in consumer credit have begun to emerge. Read more
Adjustable-rate mortgage vs. fixed-rate mortgage: Which one is better for you?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in Read more
RBA official: Risks to Australia’s financial stability ‘a little elevated’
SYDNEY — Financial stability risks in Australia are a “little elevated,” and could worsen if unemployment were to head higher, Reserve Bank of Australia Deputy Gov., Michele Bullock, said Tuesday. Read more
Americans are growing ‘increasingly frustrated’ with the economy and gloomy about the housing market, Fannie Mae survey says
Both prospective homebuyers and sellers are feeling increasingly annoyed by the housing market and the economy, according to a new survey. Their frustrations were registered by the Fannie Mae Home Read more
‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed.
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to Read more
‘I am a 53-year-old single man with very little savings’: I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible?
I am a 53-year-old single man with very little in savings. I paid off all my credit-card debt a couple of years ago. I have now decided to purchase a Read more