The Federal Reserve’s move to hike interest rates signals good news for the housing sector, some experts say. The central bank hiked its benchmark interest rate on Wednesday by a quarter percentage po...
Tag: mortgagerate
My husband and I rent our second home to our son and his wife. Now we want him to own this house, but keep our 2.5% mortgage rate. How can we do that?
My husband and I bought a second home two years ago, for $160,000, with a 30-year mortgage at 2.5%. We bought it with the sole purpose of renting it out to our son and his new wife. They were recent ...
Fannie Mae, Freddie Mac to use alternative credit scores: What it means for homebuyers
NASHVILLE, Tenn. — The federal government is expanding how it collects credit scores, which may allow more Americans to potentially buy homes. The Federal Housing Finance Agency on Monday announced at...
Mortgage rates surge to a 20-year high, leading to steep decline in home sales
The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie Mac on Thursday. That’s...
‘I want to buy a house for under $300,000, but I only earn $60,000.’ Should I cash out my brokerage account? How do I know the best time to sell my current home?
Dear MarketWatch, I want to buy a house in a different state for under $300,000. I have $150,000 in cash and a mortgage-free house worth $300,000. I also have $300,000 in my brokerage account. But w...