To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down. The cap for h...
Tag: Home Buying & Selling
7% Mortgage Rates Are Almost Here. What That Means for Home Sellers.
Text size Further rises in U.S. interest rates could be on the way. Depending on how the Federal Reserve responds through monetary policy, mortgage rates could hit 7%. Allison Dinner/Getty Images For...
After Years of Low Mortgage Rates, Home Sellers Are Scarce
Homeowners with low mortgage rates are balking at the prospect of selling their homes to borrow at much higher rates for their next homes, a development that could limit the supply of houses for sale ...
Everyone’s a Landlord—Small-Time Investors Snap Up Out-of-State Properties
Jack Cronin found San Francisco-area homes too expensive or too far from the city center to buy when he lived there in 2020. The tech worker still wanted a piece of the hottest housing market of his l...
Home Buyers Are Finding Ways to Take the Sting Out of Rising Mortgage Rates
Mortgage rates are at their highest level in more than a decade. Home buyers are fighting back. More borrowers are paying fees to cut their interest rates and making higher down payments to lower the...
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...
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 ...
Hot Housing Market Keeps Home Foreclosures at Bay
The U.S. moratorium on home foreclosures ended nearly a year ago, but the sizzling housing market is still protecting many delinquent mortgage borrowers from losing their homes. The pandemic that wipe...