Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
Tag: Mortgage Planning/Trends
Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.
Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making extra mortgage payments probably isn’t going to have a massive impact on the broader housing ...
These Mortgage-Backed Securities Offer Hefty Yields, Mild Risk
Text size Bonds from Ginnie Mae, Fannie Mae, and Freddie Mac are more attractive than Treasuries or corporates. David Paul Morris/Bloomberg Move over TINA, it’s time for TARA. The latter stands for “T...
Fed Minutes to Come Today. Look for Insights on Rates, Mortgage Bonds, and More.
When the Federal Reserve on Wednesday releases the minutes from its most recent policy meeting, investors will get a deeper look at deliberations over monetary-policy tightening and officials’ views o...
5 economists and real estate pros on what mortgage rates will look like for 2022
What should you expect for mortgage interest rates in 2022? Getty Images/iStockphoto Mortgage rates have reached their highest point in 13 years, according to Bankrate’s national survey of lenders. An...
3 economists predict when competition in the housing market will decline
When will you see competition decrease in the housing market? Getty Images Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say th...
‘It’s unlikely home prices will plummet.’ 5 pros predict home prices in 2022
Will home prices fall? Getty Images Gone are the uber-low mortgage rates of 2021. Indeed, average 30-year-fixed mortgage rates have risen from roughly 3.5% to about 5.6% this year, and pros say they e...
Out of 100 housing markets in America, this is the least overpriced, study finds
Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will ...
We want to retire in a few years, and have about $1 million saved. Should I move my money to a Roth, and pay off my $200,000 mortgage while I’m at it?
Dear MarketWatch, I’m 64 and my husband is 62. We plan to work until he is at least 65, so three or four more years. We have about $1 million total in various accounts, but my own IRA has $400,000 in...
4 housing market predictions for 2022, from economists and real estate pros
We asked home and mortgage experts and economists what they predict will happen this spring. Getty Images/iStockphoto We asked home and mortgage experts and economists what they predict will happen in...
As mortgage rates climb, one big thing homebuyers should consider doing now
Is a mortgage rate lock right for you? Getty Images Mortgage rates will likely rise throughout 2022, many experts predict. Indeed, both Holden Lewis, home and mortgage expert at Nerdwallet, and Jeff O...
We are both doctors but struggle with $472K in student loans. Can we get help?
How to get out of student loan debt Getty Images/iStockphoto Question: I have $237K in loans and my wife has $235K in loans. We are not currently making any payments [thanks to government relief] but ...
4 economists and real estate pros on exactly when mortgage rates will hit 5%
Pros expect that higher mortgage rates will cool the housing boom somewhat. Getty Images/iStockphoto If mortgage rates continue on their current trajectory, some experts predict 30-year fixed rates co...
I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now?
I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month from Social Security. I have...
My husband and I bought a retirement condo in 2008, and he died two years later. The condo is worth $50,000 more than we paid. Should I sell it now or wait?
Dear MarketWatch, I have a condo in Palm Desert, Calif., that my husband and I were going to retire to. We also have another primary residence in nearby Riverside. We bought the condo in 2008 for $363...
‘I can tolerate him for 7 months — at the most’: My husband and I live apart in the summer. Should I refinance my house and set up a joint savings account?
Dear Quentin, My husband of seven years owns a home in Minnesota, and has a mortgage. I own a home in Florida with no mortgage. We have no savings or retirement accounts. Should I pull my equity from ...
‘Reduced competition.’ 5 predictions for the housing market in 2022, from economists and real estate pros
We’ve already seen rates rise in the early months of 2022, and some pros say that will continue. Getty Images Aspiring home buyers may have watched as mortgage rates in recent months rose (though to b...
The latest mortgage rates, and what pros say will happen to mortgage rates in 2022
What you might pay for a mortgage now Getty Images/iStockphoto Mortgage rates are rising: According to the latest data from Bankrate, 15-year-mortgage rates rose slightly from a day prior to 3.65% (3....
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...