Mark Kiesel is thinking of selling his California home and becoming a renter. Families looking to buy a home make want to take heed. Kiesel, who serves as global credit chief investment officer at Pim...
Tag: Buying/Selling a Home
This is where property taxes increased the most last year — it’s not in California or New York
Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new re...
Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain
Mortgage rates are soaring, and no one is being spared. The average rate on a 30-year fixed-rate mortgage was 5% as of the week ending April 14, representing an increase of 28 basis points from the pr...
This is exactly how much income homebuyers are bringing to the bargaining table
How much income do homebuyers usually come to the table with? Getty Images/iStockphoto The median household income in America is about $68,000, according to the Census Bureau — but that may not be eno...
As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In
Blood pressure is now rising along with home prices and mortgage rates as homeowners fear missing out on the right moment to stake the “For Sale” sign in the front yard. The mood among sellers seems t...
As mortgage rates surge higher, these home buyers are being pushed out of the market
The steep upward climb in mortgage rates still isn’t showing any signs of stopping. The average rate on a 30-year fixed-rate mortgage was 4.72% as of the week ending April 7, Freddie Mac FMCC, -0.03% ...
Mortgage delinquencies rose for the first time in 9 months. What does that mean?
More homeowners are late on their mortgage payments. What does that mean? Getty Images/iStockphoto Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for t...
Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out
When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for ...
‘Mortgage rates are likely to push toward 5% before the end of the year’: Rates soar to highest level in over 3 years, putting pressure on home buyers
Mortgage rates are racing toward 5% as the Federal Reserve’s expected trajectory for future rate hikes becomes clearer. The average rate on a 30-year fixed-rate mortgage was 4.42% as of the week endin...
Mortgage rates have dipped — is it a good time to buy a home? Experts weigh in.
Getty Images Some mortgage rates have fallen slightly: The average interest rate on a fixed rate 30-year mortgage now sits at 4.20% and the average annual percentage rate is 4.25%, down from 4.29% and...
‘No, no, no, no, no!’ My wife and I are close to retirement, but we want to buy a house. Should I empty my 401(k) for the down payment?
Dear MarketWatch, My wife and I have been renting for many years, and we think it’s time to buy our first house. We live in Westchester County, N.Y., and we are looking for a home in the $450,000 to $...
First-time home buyers are selling crypto to fund down payments — here’s what to know before you do it
Many Americans are using their tendies to tap into the American Dream — and the trend doesn’t show signs of stopping. Nearly 12% of first-time buyers indicated that selling cryptocurrency holdings con...
I’m buying a home with my 74-year-old mother, but the mortgage will be in my name. How should we title the house?
Dear MarketWatch, I would like to see if you can provide me with some advice on purchasing a home with my mother who is 74. I will be putting down $240,000 — using the proceeds from the sale of my own...
Bad news for home buyers: Mortgage rates have soared to their highest levels since March 2020
Interest rates are surging on the heels of data showing a concerning outlook for inflation — and home buyers are set to pay the price. The 30-year fixed-rate mortgage averaged 3.45% for the week endin...
I’m 26, make $300K a year and have saved over $275K. Should I buy an apartment — or just keep renting?
I’m a single 26-year-old who’s been renting in downtown Atlanta for almost 5 years and want to buy my first home. My lease only allows me to enter the market once a year. If I find a deal, should I br...
My mother-in-law left her $1 million life-insurance policy to my brother-in-law, but her will says she wants him to share it with my husband. What can we do?
Dear Quentin, My husband and I took care of my mother-in-law for eight years. Around five years ago we gave up the house we were renting to save her home because she could not afford it, and because s...