Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
Category: Mortgages
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Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides
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Homeowners tight on cash are tapping into their homes’ equity.
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As Credit Card Debt Mounts, Home Becomes a Piggy Bank
The New York Times – Business:A rise in home equity to record levels has led many Americans to refinance their mortgages to pay their bills.
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Trump Restarts Battle to Fire Sitting Fed Governor Lisa Cook
The New York Times – Business:The Trump administration, rebuffed by the Supreme Court in its first attempt to fire Lisa D. Cook, sent the Federal Reserve governor a letter saying it was “considering” removing her from the job.
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The Fed Didn’t Raise Rates. The Bond Market Did.
The New York Times – Business:The market is saying risks are rising. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it’s also a boon for retirees.
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Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began
The New York Times – Business:The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
The New York Times – Business:Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
The New York Times – Business:The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
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Rising Costs Are Causing Couples to Delay or Forgo Having Children
The New York Times – Business:High mortgage payments, higher child care costs and economic uncertainty are making some people rethink their plans on starting a family.
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Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
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Mortgage Rates Jump Again as Iran War Effects Ripple Through Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States hit 6.38 percent, the fourth increase since the war began.
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Mortgage Rates Highest in Three Months as War Weighs on Housing Market
The New York Times – Business:Rising energy costs and concerns about inflation have helped lift borrowing costs for a home mortgage for the third consecutive week.