Recent inflation data are something of a game-changer for monetary policy. Expectations for what will come out of the Federal Reserve’s meeting this week and beyond have quickly ratcheted higher, spel...
Tag: mortgage
US Mortgage Rates Jump on Fed Rate Hike Expectations
In the week ending June 9, mortgage rates rose for the first time in four weeks. 30-year fixed rates jumped by 14 basis points to 5.23%. 30-year fixed rates had slipped by one basis point in the week ...
How much mortgage can you afford based on your salary, income and assets?
Before you take out a mortgage on your new home, make sure you crunch the numbers. / Credit: / Getty Images It’s easy to get swept up in the excitement of potentially buying a home – but b...
The economic shock hitting the housing market is getting bigger—6% mortgage rates look close
The good news: The Federal Reserve has the instruments necessary to rein in runaway inflation. The bad news: Those instruments are, well, blunt and will hit some sectors harder than others. Among the ...
Rising mortgage rates slam the gate shut on hopeful homebuyers
‘Not pretty’: Rising mortgage rates slam the gate shut on hopeful homebuyers U.S. mortgage rates moved back up in anticipation of next week’s Federal Reserve meeting, where policymakers are expected t...
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 ...
Mortgage rates back up again and homebuyers call it quits
Mortgage rates are back up again this week after three straight weeks of declines. The rate on the 30-year fixed rate mortgage hit 5.23%, up from 5.09% last week, according to Freddie Mac, tracking th...
Mortgage activity hits 22-year low as rising rates bite
A closely watched gauge of mortgage application activity slid to a more than two-decade low last week, as elevated home prices and rising interest rates dragged further on purchase and refinancing act...
Mortgage demand falls to the lowest level in 22 years
Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues to drop. Total mortgage ...
Mortgage Demand Plunges To 22-Year Low As ‘Worsening’ Affordability Deters Buyers—But Here’s Why Prices Will Still Rise
Topline Mortgage rates plummeted last week in the latest sign rising interest rates have started to temper demand in the booming housing market, but experts note plunging demand won’t quickly pu...
US Mortgage Rates Fall for a Third Consecutive Week
In the week ending June 2, mortgage rates fell for the fourth time in thirteen weeks. 30-year fixed rates slipped by 1 basis point to 5.09%. 30-year fixed rates slid by 15 basis points in the week pri...
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor
Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. ...
Mortgage rates rise sharply after three weeks of easing
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back ...
Mortgage demand falls to lowest level since 2018, even as interest rates ease
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. App...
‘I am a 53-year-old single man with very little savings’: I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible?
I am a 53-year-old single man with very little in savings. I paid off all my credit-card debt a couple of years ago. I have now decided to purchase a home. My rent has increased to the point where it ...
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...
New home sales plunge as high prices and rising U.S. mortgage rates discourage buyers
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 59...
Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend – Bitcoin News
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments ...
US Mortgage Rates Fall for the Second Time in Eleven Weeks
In the week ending May 19, mortgage rates fell for the second time in eleven weeks. 30-year fixed rates declined by five basis points to 5.25%. 30-year fixed rates rose by 3 basis points in the week p...
With interest rates rising, should you refinance your mortgage?
With interest rates rising, should you refinance your mortgage? The time has finally come. The pandemic ushered in historically low mortgage rates and the biggest refi boom since 2003. But we all knew...
5 Things To Know Before You Get a Reverse Mortgage
Reverse mortgages can be a good way for seniors to access the money tied up in their home. A reverse mortgage is a loan for homeowners who are 62 or older and have considerable home equity. It allows ...
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...
Weekly mortgage demand from homebuyers tumbles 12%
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates actually fell slightly last week, but the damage has already been do...
Mortgage rates and home prices keep rising, but so far Americans are still house hunting in force
Mortgage rates and home prices keep rising, but so far Americans are still house hunting in force The average interest rate on a 30-year mortgage rose slightly again this week, hitting a 13-year high ...
China Cuts Mortgage Rates to Counter Collapse in Home Sales
(Bloomberg) — China’s central bank effectively cut the interest rate for new mortgages in an attempt to prop up the ailing housing market and boost the slowing economy. Most Read from Bloomberg ...
US Mortgage Rates Rise for the Ninth Time in Ten Weeks
In the week ending May 12, mortgage rates rose for the ninth time in ten weeks. 30-year fixed rates rose by three basis points to 5.30%. 30-year fixed rates jumped by 17 basis points in the week prior...
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...
‘We do not plan on getting married’: I’m moving into my boyfriend’s home. He bought it a year ago and paid off 25% of his mortgage. How do I get a stake in his home that’s fair to both of us?
My boyfriend and I would like to move in together in the next year or so. He bought his house about a year ago, and he has paid off about 25% of it. We both would like for me to gradually become a par...
I put $200K toward a down payment for a condo unit with my boyfriend. He is on the title, but not on the mortgage. How do I protect my equity investment now?
Dear Quentin, I recently sold my apartment and put the equity earned (over $200,000) toward a new condo unit I own with my partner. My partner — we are not married — is on title, but not on the mortga...