Category: Mortgages

U.S. Mortgage Rates Rise, Undercutting Housing Affordability Push

The New York Times – Business:
Mortgage rates fell below the critical 6 percent threshold just a couple weeks ago. But they’re climbing again as new inflation concerns have roiled financial markets.
U.S. Mortgage Rates Fall Below 6% for First Time in Years

The New York Times – Business:
The evidence is patchy on whether lower rates have meaningfully spurred more activity, as the Trump administration floats measures it says will make housing more affordable.
Homeownership Is Out of Reach for Many Americans, Despite a Buyer’s Market

The New York Times – Business:
A growing split between low-to-middle-income families and wealthy households is changing who has access to homeownership now.
How Strong Is Your Financial Knowledge? Take Our Quiz.

Test your knowledge of credit cards, buying a home, saving for college or retirement and other things that affect your wallet.
4 Takeaways from Supreme Court Hearing on Trump’s Firing of Fed Official

The justices were alert to the central bank’s crucial role and wary of issuing a broad ruling based on rushed briefing and incomplete information.
Supreme Court Considers Trump’s Attempt to Fire Fed Governor Lisa Cook

The justices deferred a decision on the president’s efforts to oust Cook, agreeing to hear arguments on Wednesday instead.
Big Plan for Fannie and Freddie I.P.O. in Flux as Trump Pushes Affordability

Six months after President Trump told Wall Street banks to prepare a swift stock offering, there is no firm plan for how to take the giant mortgage firms public.
What to Know about Bilt’s New Rewards Program for Mortgage and Rent Payments

Bilt, a rewards and payments start-up, has three new credit cards that can help users earn points when they pay their mortgage. You will need to do math.
Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More

See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
Buying a House Is Expensive. But There Are Some Ways to Rein In Costs.

The Trump administration has proposed 50-year and “portable” mortgages to make home buying more affordable. But housing experts offer other suggestions.
They Got Low Mortgage Rates During the Pandemic. Now They Can’t Move.

Many Americans bought their first houses when mortgage rates dipped to record lows. Some are ready to move but feel locked in by their low rates.