A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% Monday, accor...
Tag: mortgage
How SVB Was Doomed By a Bad Bet on Mortgage Securities and the Fed’s Rate Hikes
The demise of Silicon Valley Bank wasn’t driven by credit problems but by an old-fashioned mismatch of assets and liabilities that doomed many thrifts back in the 1970s. California regulators seized S...
Mortgage demand recovers slightly, despite rising rates
A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After dropping to a 28-year low the previous week, mortgage de...
US Mortgage Rates Increase for a Fourth-Straight Week
(Bloomberg) — US mortgage rates increased for a fourth week to the highest level since mid-November, according to the Mortgage Bankers Association. Most Read from Bloomberg The contract rate on ...
The housing market may have bottomed out, but how long will it ‘bounce along the bottom’? Buyers wait in limbo as mortgage rates boomerang back toward 7%
The housing market may have bottomed out, but how long will it ‘bounce along the bottom’? Buyers wait in limbo as mortgage rates boomerang back toward 7% For the fourth week in a row, U.S....
Can I Use My 401(k) to Pay Off My Mortgage?
pay off mortgage with 401k The government offers several incentives for retirement accounts like 401(k)s. For instance, they’re a tax-deferred investment, meaning you won’t pay taxes on them until you...
Could The Housing Market Collapse Again? Recovery Talk ‘Premature’ After Mortgage Rates Surge Past 7%
Topline As fears of inflation push mortgage rates back toward multi-decade highs, economists are warning the resurgence in borrowing costs will deal another blow to the precarious housing market, driv...
Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years.
Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. I Want to Retire in 7 Years. I’ve been debating whether to pay off my...
US 30-Year Mortgage Rate Rises to Highest Since Mid-November
(Bloomberg) — US mortgage rates increased last week to the highest since mid-November, pushing down a gauge of home-purchase applications to the lowest level in nearly three decades. Most Read f...
Mortgage demand falls as interest rates rise
A potential buyer with her realtor view a home listed for sale during an open house in Parkland, Florida. Carline Jean | Tribune News Service | Getty Images Mortgage rates moved higher again last week...
Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some to a California resort
Picture a conference in Palm Desert, Calif., where the weather is warm and the activities are as much recreational as educational. Wells Fargo bankers were recently treated to such a company-sponsored...
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
These are the housing markets where values have fallen the most: Zillow report
The mortgage rate meltdown from the end of 2022 is showing up in home prices. The typical home in America saw its value fall by 0.1% in December, compared to the previous month, according to a new rep...
Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year
Builders and real estate agents alike are celebrating signs of life in the U.S. housing market. That’ll happen when a mild home price correction coupled with mortgage rates falling from 7.37% in...
Mortgage demand plummets to lowest 2023 level as rates rise for second week — but experts predict cooling rental prices will eventually bring rates below 6%
‘Signs of resilience’: Mortgage demand plummets to lowest 2023 level as rates rise for second week — but experts predict cooling rental prices will eventually bring rates below 6% U.S. mor...
Housing Market Slows Again As Hot Inflation Drives Up Mortgage Rates—Here’s What That Means For Buyers
Topline Prospective home buyers are once again starting to shy away from buying a house as stubbornly high inflation readings push mortgage rates to the highest level since November—spurring a renewed...
US Mortgage Rates Post Biggest Weekly Advance Since October
(Bloomberg) — US mortgage rates surged last week by the most in four months, reaffirming a retrenchment in housing demand that’s struggling for momentum. Most Read from Bloomberg The contract ra...
Mortgage demand drops as interest rates bounce higher
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images After falling for five straight weeks, mortgage rates jumped last week, triggering ...
I will leave my daughter my house, but she doesn’t want to take over my $250,000 mortgage. Should she rent the house, or just sell it?
Dear MarketWatch, My daughter has a similar issue that this lady is facing, whose mother left her the family home. I will be leaving my daughter my house in my will. But she has a physical disability ...
Mortgage rates edge back up, but experts say homebuyers have reset their expectations after last year’s horror show
Shake off the ‘psychological shock’: Mortgage rates edge back up, but experts say homebuyers have reset their expectations after last year’s horror show After four straight weeks of declines, mortgage...
What’s happening with home prices as mortgage rates fall
An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in Miramar, Florida. According to two separate indices existing home prices rose to the highest level in 6 years. Joe Raed...
Mortgage refinance demand jumps 18% as interest rates drop
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates continued to fall last week, and both curre...
Mortgage rates drop to the 5% range for first time since September
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%,...
The Fed hiked interest rates by a quarter point today. Here’s what this means for mortgage rates
Rising rates have made it increasingly difficult for Americans to check off major life milestones like purchasing a car, starting a business, and becoming homeowners. While the Fed has begun to implem...
Why the Fed’s interest rate hike is ‘good news for mortgage rates’
The Federal Reserve’s move to hike interest rates signals good news for the housing sector, some experts say. The central bank hiked its benchmark interest rate on Wednesday by a quarter percentage po...
Mortgage demand fell last week, even after interest rates fell further
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images After a stronger start to the year, mortgage demand plunged ...
Scottish Mortgage Trust share price headwinds put recovery at risk
Scottish Mortgage (LON: SMT) share price has done modestly well in 2023 as technology stocks rebound. After falling to a multi-year low of 691p in December, the stock rebounded by 13.50% to reach to a...
Mortgage demand jumps as interest rates drop
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage interest rates fell for the third straight week, while...