Affording a home becomes a challenge as the national average for a 30-year-fixed mortgage rate is almost 7 percent, up from 3.3 percent at the beginning of 2022. NTD spoke to Laura Adams, a senior real estate analyst at Aceable, for her advice on how to save money on high mortgage rates.
Victims of a mass shooting sue a major gunmaker, accusing it of illegally targeting young men prone to violence with its ads. Mortgage rates are hitting a level not seen since the global financial crisis; is it still a good time for you to buy a home? The UK’s central bank says it’ll buy an unlimited amount […]
Victims of a mass shooting sue a major gunmaker, accusing it of illegally targeting young men prone to violence with its ads. Mortgage rates are hitting a level not seen since the global financial crisis; is it still a good time for you to buy a home? The UK’s central bank says it’ll buy an unlimited amount […]
As mortgage rates go up and the housing market softens, more people are canceling home purchases. In August, over 15 percent of home purchase agreements were canceled—the second month in a row, according to real estate brokerage Redfin. Compared to a year ago, cancellations are up 3 percent. Homebuyers in the Sun Belt, such as Phoenix, Tampa, […]
The Biden administration is racing to avert a rail shutdown, hosting talks with railroad and union officials. Mortgage demand plummets compared to last year, as mortgage interest rates surge above 6 percent. America’s national debt is closing in on $31 trillion. We take a deep dive, looking at what this means for the country and […]
The Biden administration is racing to avert a rail shutdown, hosting talks with railroad and union officials. Mortgage demand plummets compared to last year, as mortgage interest rates surge above 6 percent. America’s national debt is closing in on $31 trillion. We take a deep dive, looking at what this means for the country and […]
WASHINGTON—Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and higher house prices continued to reduce affordability for entry-level and first-time buyers. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, tumbled 8.6 percent to 91.0 last month. […]
Mortgage rates fell last week. The 30-year fixed-rate went from 5.98 percent to 5.84 percent. Though, this didn’t change homebuyer demand—it stayed the same compared to last week and is still down 24 percent from last year. How is limited home buyer demand affecting certain businesses? NTD speaks, Antonio Susteil, the CEO of Flooring King
Interest rates have made adjustable-rate mortgages (ARMs) a more popular way of obtaining homes. Homebuyers are applying for ARMs, as interest rates rise and it is getting harder to qualify. The number of ARMs have doubled in just the past three months.
Home mortgage rates top 4 percent for the first time in nearly three years. They could keep rising after the Fed confirmed it will start hiking interest rates. Russian President Vladimir Putin is recognizing the economic blow the country’s suffering, but also telling Russians they will recover. A top Chinese financial official promises more market stability. […]
