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...
Tag: Home Buying & Selling
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...