JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the pop...
Tag: mortgage
3 Mortgage REITs With The Highest Dividends
Mortgage real estate investment trusts (REITs( are companies that loan money on income-producing properties using mortgage-backed securities (MBS) or borrowing funds to originate their own mortgages. ...
Crypto Lending Platform Moon Mortgage Raises $3.5M Seed Round
“People are already incentivized to use their crypto to invest in real estate; the problem is that until now they have never had the ability to,” co-founder and CEO Aaron Nevin told CoinDesk. “Histori...
Brace for Mortgage Rates to Climb Higher After the Jobs Report
Text size A housing development in Pearland, Texas. Brandon Bell/Getty Images The rising cost of buying a home has cooled the market this year. In a roundabout way, Friday’s jobs report will add to ho...
Mortgage rates step back from the brink, but hesitation is still at a 25-year high
Mortgage rates step back from the brink, but hesitation is still at a 25-year high The interest rate on the most popular home loan in America has fallen for the first time in seven weeks, ending a str...
Mortgage Rates Drop For First Time In 6 Weeks—But Housing Market Downturn Could Last Several Years, Wells Fargo Warns
Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least...
Mortgage applications fall 14% as higher rates, Hurricane Ian crush demand
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest h...
What Analysts Think About These High-Dividend Mortgage REITs
You would be hard-pressed to find a worse-performing real estate investment trust (REIT) class in 2022 than mortgage REITs (mREITs). With over 8% inflation and the Federal Reserve raising interest rat...
What’s happening with home prices? Mortgage rates, tight supply are factors
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall t...
Mortgage Interest Rates on High, 30-Year Mortgage Tops Highest Since November 2008
Increasing mortgage rates have impacted the entire housing market as the buzz gradually cools off. Compared to the previous week, mortgage interest rates for all types of loans have increased. As a m...
Mortgage mayhem sparks fears of a housing market crash in Britain
U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market do...
Mortgage Rates Are Closing In On 7%, Signaling Risk Of House Price Declines
MIAMI – JUNE 23: (Photo by Joe Raedle/Getty Images) Getty Images For much of last year you could get a 30-year mortgage at around a 3% rate. Now mortgage costs are closing in on 7%. That’s a dra...
‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?
I’m the first of my generation to own a home and the first to earn this much annually and don’t want to mess this up. How, specifically, can a financial adviser help me? Getty Images Question: By the ...
Reverse Mortgage vs. Forward Mortgage: What’s the Difference?
Reverse Mortgage vs. Forward Mortgage: An Overview If you’ve never heard of a forward mortgage, there’s a reason for that. The term refers to traditional mortgages and is rarely used, except in compar...
Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates
Where will mortgage rates go from here? Getty Images Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through Oct...
Here is why UK lenders halted mortgage deals with clients
Following the announcement of a “mini-budget” by UK’s finance Minister Kwasi Kwarteng last week, currency markets and the British pound have witnessed turmoil. This has pushed UK lenders Halifax, Skip...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through th...
Don’t even think about retiring until you have these 3 things completely paid off — your mortgage isn’t one of them
Don’t even think about retiring until you have these 3 things completely paid off — your mortgage isn’t one of them Millions of Americans spend their working days dreaming about retirement...
Google searches for ‘real estate market crash’ hit record levels as mortgage rates rise
A US recession might be right at the door, as rising mortgage rates hit the real estate market increasing treasury yields dangerously close to the cap rate. Two earlier Google search trends revealed ...
Mortgage refinancing drops to a 22-year low
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, cau...
Putting 20% Down on a Mortgage May Be a Mistake
SmartAsset: This One Chart Shows Why Putting 20% Down on a Mortgage May Be a Mistake When you put 20% down on the purchase of a home, you don’t have to borrow as much money as someone whose down payme...
As mortgage rates rise for a fifth week, it’s time for homebuyers to abandon their old assumptions
‘It hasn’t been normal’: As mortgage rates rise for a fifth week, it’s time for homebuyers to abandon their old assumptions U.S. mortgage rates surged by over a quarter-point this week, as policymaker...
‘The housing market may have to go through a correction’: Mortgage rates hit 6.29%, Freddie Mac says
The numbers: U.S. mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates again...
Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.
Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August from the previous month, according t...
Mortgage demand rises for the first time in six weeks
Real estate listings Adam Jeffery | CNBC Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest rate...
‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...
Americans are souring on the housing market. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.
There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a home. Fannie Mae noted th...