The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. The central bank raised the federal funds rate last week by...
Tag: mortgage
US Mortgage Rates Spike Again as the Markets Respond to the Fed
In the week ending May 5, mortgage rates rose for the eighth time in nine weeks. 30-year fixed rates jumped by 17 basis points to 5.27%. 30-year fixed rates slipped by one basis point in the week prio...
Mortgage rates go up again, but one economist says they’ll likely plateau soon
Mortgage rates go up again, but one economist says they’ll likely plateau soon The interest rate on America’s most popular home loan moved back up this week, reaching its highest level in nearly 13 ye...
Mortgage rates hit highest level in 13 years and could cool housing market
Mortgage rates hit their highest level since August 2009 this week, following a sharp increase in the 10-year Treasury yield and continuing a breakneck ascent since the start of 2022. The rate on the ...
What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings
The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...
Why the Fed Wants Home Buyers to Face Higher Mortgage Rates
The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. All in the name of slowing inflation. The central bank rais...
How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates
Just six weeks ago, Americans were facing sharply higher borrowing costs as the Federal Reserve launched an aggressive campaign of interest rate hikes to curb soaring inflation. Now the Fed is putting...
This is why a research firm raised red flags over crypto mortgage risks
Cryptocurrencies have an inherent risk element that has got a lot to do with their volatile nature. This is why many famous personalities have questioned its value with the recent being Warren Buffet....
Mortgage rates surge as home affordability nears record worst
A “For Sale” sign outside a home in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Mortgage rates just hit their highest level since 2009, and home prices are continuing to...
Crypto Weekly Roundup: BTC Adopting Sustainability, DeFi Mortgage In Austin, USN Live On NEAR, Musk Acquires Twitter, LatAm Regulations, And More
Despite the turbulence affecting the rally of BTC, ETH, and other prominent cryptos, the changing landscape of regulations in Latin America has set the ball rolling. Additionally, this week also marks...
Breaking: Bitcoin backed mortgage to allow home purchasing without a credit score
Milo Credit, a Miami-based business, is offering Bitcoin-backed mortgages to allow consumers to buy homes without trading their coins. Selling cryptocurrency for fiat currency is a taxable event in t...
Mortgage rates pause their rapid ascent, but homebuyers remain discouraged
The rapid rise in mortgage rates finally paused this week, but the increase in borrowing costs since the start of the year have already dampened homebuyer activity. The average rate on the 30-year fix...
You can now get a Bitcoin backed mortgage without a credit score
The Miami-based startup, Milo Credit, is offering Bitcoin-backed mortgages to allow people to purchase homes without selling their coins. In the US, like most countries, selling crypto for fiat is a t...
Teller Facilitates First Uncollateralized DeFi Mortgage On Austin Apartment
A homeowner in Texas has heralded the era of on-chain DeFi mortgages after securing a loan in USDC stablecoin over the Polygon network, using nothing but their credit score. The loan was issued by the...
Ethereum DeFi Project Teller Facilitates First Uncollateralized Mortgage Loan
Blockchain: It’s where you can buy Bitcoin, digital pictures of Bored Apes, and—for a brief time—Teslas. Also: houses. USDC.Homes, a company that partners with mortgage lenders and brokers to fa...
Uncollateralized DeFi mortgage taken out on Austin condo via Teller
A new homeowner has bought an apartment in Austin, Texas, through a program that allows crypto holders to take out traditional uncollateralized mortgages based on their credit scores. The USDC.homes c...
Should You Pay Off Your Mortgage Before You Retire?
Should You Pay Off Your Mortgage Before You Retire? Minimizing your expenses in retirement seems like a smart choice – especially if you can get rid of a large cost like your mortgage. Repaying your m...
U.S Mortgage Rates Rise for a Seventh Consecutive Week
In the week ending April 21, 2022, mortgage rates rose for a seventh consecutive week. 30-year fixed rates rose by 11 basis points to 5.11%. 30-year fixed rates jumped by 28 basis points in the week p...
Mortgage rates exceed 5%, home sales drop
Mortgage rates jumped past the 5% threshold this week, the highest level since April 2010, continuing its stubborn climb as the spring selling season kicks off. The rate on the 30-year fixed mortgage ...
What Happens to Your Mortgage When You Die?
What Happens to Your Mortgage When You Die? If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A s...
Decade-High Mortgage Rates Pose Threat to Spring Housing Market
U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace that has gripped the market for nearly two years. Home sales r...
Getting a Mortgage While Being a Student
A home is probably the largest purchase you’ll ever make in your lifetime. It requires a lot of time and discipline. But it’s a decision that shouldn’t be taken lightly. After all, i...
Understanding the TALC on a Reverse Mortgage
When you’re shopping for a regular mortgage, the annual percentage rate (APR) is an important figure to consider. Reverse mortgages also have a stated interest rate, but a more revealing number is the...
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...
Mortgage rate trap is making the housing market worse
One big factor that helped numerous homeowners save money is ultimately hurting homebuyers. Call it the interest rate trap. Years of historically low rates, especially in the last two years, have help...