Wall Street is buzzing over the shift in Federal Reserve policy—the era of loose, rock-bottom interest rates is out. In are a series of rate hikes as the central bank tries to put the clamps on spendi...
Tag: mortgage
US mortgage interest rates hit 5%, good news for housing market — Quartz
After falling to historic lows last year, mortgage rates are rising sharply. On April 5, they hit their highest point in more than a decade with the average US interest rate for a 30-year fixed-rate m...
XBTO bypassing hurdles of TradFi offering bitcoin-backed mortgage
Crypto lending space would expand through such steps taking one step ahead of its current state and competing with traditional finance It’s been heard that a cryptocurrency asset management serv...
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...
India’s HDFC And HDFC Bank Will Merge To Create Financial Giant
Pedestrians walk past an HDFC Bank branch in Mumbai, India, on December 4, 2020. Dhiraj Singh/Bloomberg India’s largest mortgage lender Housing Development Finance Corporation (HDFC) has announced tha...
Getting a Mortgage for Non U.S. Citizens
For many foreign-born individuals living in the United States, owning a home is one of the cornerstones of the American dream. But there’s a perception among some non-U.S. citizens that there...
Is a yield curve inversion a foreboding sign for mortgage rates? Does it really signal a recession? Economists weigh in.
For a moment this week, the bond market flashed a signal that some associate with impending recessions. Home buyers need not worry just yet, according to economists. On Friday, the 2-year rate, which ...
U.S Mortgage Rates Surge for a Third Consecutive Week
In the week ending March 31, 2022, mortgage rates rose sharply for a third consecutive week. 30-year fixed rates jumped by 25 basis points to 4.67%. 30-year fixed rates surged by 26 basis points in th...
Mortgage rates soar past 4.5%
Mortgage rates are closing in on 5% faster than anticipated, hitting their highest level since December 2018 this week. The rate on the average 30-year fixed mortgage increased to 4.67%, up from 4.42%...
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...
Homebuyers hit with another blow as mortgage rates soar 24% in March
Mortgage rates rose at a record pace in March after the Federal Reserve raised its benchmark interest rate for the first time since 2018 in hopes of cooling rising inflation. The average rate for a 30...
‘Payment shock’ awaits US home buyers as mortgage rates climb
The US housing market is starting to show signs of stress as a sharp uptick in mortgage rates and high home prices push potential buyers to the sidelines and some investors look elsewhere for higher r...
How The Big Short Educated A Generation On The Financial Crisis Of 2008
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at … [+] Wall Street in New York City. – Losses on Wall Street deepened following a bruising...
U.S Mortgage Rates Surge, with Inflation and the FED the Key Drivers
In the week ending 24th March, mortgage rates rose sharply for a second consecutive week. 30-year fixed rates jumped by 26 basis points to 4.42%. In the week prior, 30-year fixed rates surged by 31 ba...
Mortgage rates keep spiking, freaking out an anxious housing market
Think 4% was bad? Mortgage rates are shooting up even further. It’s rattling a housing market that is barely accustomed to perpetually skyrocketing prices, but at least had a mortgage rate of 3%...
Mortgage rate soars closer to 5% in its second huge jump this week
The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage...
Mortgage Rates Rose Even Higher. Here’s How Much More You’d Pay Now.
New-home sales fell in February due, in part, to the effects of rising mortgage rates on affordability. Justin Sullivan/Getty Images Text size Mortgage rates climbed past 4% last week—and their rapid ...
Mortgage rates just made the biggest jump this century
Historically low rates were nice while they lasted. In another hit to prospective homebuyers, the average 30-year fixed mortgage rate hit 4.42% this week, up 1.31 percentage points from three months a...
FinTech Figure Launches Cryptocurrency Mortgage Products
Figure Technologies, a US financial technology company that operates both in the home equity and blockchain space, announced on Wednesday that it has launched a cryptocurrency-backed mortgage trading ...
What Happens When You Pay off Your Mortgage?
What Happens When You Pay off Your Mortgage? For many homeowners, one of the milestones on the path to financial independence is being able to pay off their mortgage. With typical mortgages lasting 30...
Mortgage refinance demand plunges 14%, as interest rates spike higher
A sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared with the previous week, according t...
Mortgage rates are surging faster than expected, economists lower home sales forecasts
A home is offered for sale on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images The average rate on the popular 30-year fixed mortgage hit 4.72% Tuesday, moving 26 basis points higher ...
Lock it in! Homebuyers scramble to secure low mortgage rates before more hikes come
This week’s more than quarter-point jump in mortgage rates is sending a dire message to homebuyers and owners: Time is running out. Weary buyers already facing the worst affordability conditions...
U.S Mortgage Rates Hit 4% in Response to FED Monetary Policy and Projections
In the week ending 17th March, mortgage rates surged to 4% levels for the first time since 2019. 30-year fixed rates surged by 31 basis points to 4.16%. 30-year fixed rates had risen by 9 basis points...
Mortgage rates soar past 4%
Mortgage rates hit their highest level since April 2019 this week, following a sharp increase in 10-year Treasury yield. The rate on the average 30-year fixed rate mortgage jumped to 4.16 %, up from 3...
Is Making Biweekly Mortgage Payments A Good Idea?
If you are a homeowner with a conventional mortgage who makes monthly payments on your home, you may have heard about biweekly mortgage payment programs as an alternative to traditional payment plans....
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....
Here’s how much a 40-year mortgage would save you each month vs. a 30-year loan. And the ultimate cost.
The U.S. home-financing market has been dominated by the 30-year fixed-rate mortgage loan for decades. Now some key players in the U.S. housing market think it is time to give home buyers the option o...