Mortgage rates just dipped, and home prices may be ‘reaching the peak’ — but buyers hoping for a free-fall ‘will be disappointed’ After climbing above 7% for the first time in 20 years, U.S. mortgage ...
Tag: mortgage
Higher Rates Hammer Home Buyers—and Make Mortgage REITs Lucrative for Investors
It’s instructive and often amusing to see how the popular media cover economic and financial news. You can get a handle on the public’s sentiment from how they treat those topics, which usually varies...
Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7% – Coinotizia
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s m...
Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7% – Economics Bitcoin News
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s m...
4 Mortgage REITs With Temptingly High Dividend Yields
Real estate investment trusts (REITs) are some of the best options for investors looking to generate stable dividend income. This is because publicly traded REITs are required to distribute at least 9...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank h...
Mortgage demand falls even as rates slip from recent highs
Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dro...
Here’s exactly where ‘whiplash-inducing’ mortgage rates are headed this year, according to 6 economists and real estate pros
Where are mortgage rates headed? Getty Images Rates are trending upwards, pros say. Indeed, many pros say estimate that the Federal Reserve will raise interest rates in November and December. And for ...
Homeowners are locked in by their low mortgage rate
Homebuyers who were able to buy over the past years or owners who locked in dramatically low mortgage rates by refinancing are not selling as those same rates climb. “That’s going to continue li...
Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates
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Why Are Mortgage Rates Going Up?
Key Takeaways Mortgage rates have increased dramatically, with the average 30 year fixed rate increasing from around 3% at the start of 2022 to around 7% now. This is down to the Fed’s policy of...
Mortgage Rate Moves Are Independent And Can Turn Quickly
Unlike a security investment, real life is tied to a home purchase getty The fast 4% mortgage rate climb to 7% has sparked worries about the housing market. However, the residential real estate market...
Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better
Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better The rate on America’s most popular home loan has topped 7% for the first tim...
US home prices could plunge 20% next year as mortgage rates surge
Home prices are already falling at the fastest rate in decades as mortgage rates march higher, and could tumble another 20% next year, according to a noted Wall Street economist. Ian Shepherdson, the ...
With homes costing 55% more today than a year ago, experts say this niche type of mortgage is increasingly attractive for both buyers and sellers
With homes costing 55% more today than a year ago, experts say this niche type of mortgage is increasingly attractive for both buyers and sellers The cost of getting into the housing market has sky-ro...
Mortgage demand from homebuyers is nearly half what it was in 2021
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was...
My boyfriend has a nicer house, and says I should live with him. My mortgage is paid off. He believes I should pay half of his monthly costs. Is that fair?
Dear Quentin, My boyfriend owns a house with a 30-year mortgage balance of $150,000 on a 4% interest rate. He has $275,000 in cash and retirement accounts. He is retired. My house is paid off. I have ...
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth moderation to continu...
Should You Use a HELOC to Pay Off Your Mortgage?
SmartAsset: How to Use a HELOC to Pay Off Your Mortgage A homeowner with enough home equity may be able to use a home equity line of credit to pay off an existing mortgage. That can reduce monthly pay...
Why the housing market should brace for double-digit mortgage rates in 2023
Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of ...
Some real estate markets cooling as mortgage rates hit 20-year high
Burbank — Inflation, soaring mortgage rates and record high prices are making it difficult for many Americans to buy a home. But there could be some relief in sight, as skyrocketing rates have helped ...
While rising mortgage rates have some homebuyers giving up, others think they’ve found a workaround
‘The numbers just don’t work’: While rising mortgage rates have some homebuyers giving up, others think they’ve found a workaround America’s most popular home loan got more expensive again this week, ...
‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...
Moon Mortgage lands $3.5M investment to provide crypto-collateralized mortgages
Investors and prospective home buyers will soon be able to take out crypto-backed mortgages to buy real estate in the U.S. Moon Mortgage, a cryptocurrency lending platform, has raised a $3.5 million s...
Mortgage Rates Are Soaring. What Financial Pros Say Clients Should Do.
The low-rate mortgage boat has sailed. According to Freddie Mac, the average interest rate on a 30-year fixed-rate home loan is now 6.7%, more than double the 3.01% rate from this time last year. That...
Moon Mortgage Lifts $3.5 Million Seed Round
Moon Mortgage lifts $3.5 Million Seed Round to use its crypto as collateral for financing its lending product, CryptoMortgage. CryptoMortage will take the digital assets of investors as collateral and...
If I sell my rental I can pay off my primary mortgage and be debt-free. Is that a good idea in this housing market?
Dear MarketWatch, I have a rental property that’s worth $175,000, and I owe $53,000. My primary home is worth $265,000 and has $108,000 left on the mortgage. My question is this: Should I sell my ren...