One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.
Category: Mortgages
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Cyberattack Disrupts Mortgage Payments for Millions of Mr. Cooper Customers
The company, one of the largest U.S. mortgage servicers, said it was trying to determine if the attackers obtained personal information about its four million customers.
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What Fed Rates Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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‘Maid’ Pulled Stephanie Land Out of Poverty. She Still Worries About Money
Despite writing a best seller that became a hit Netflix series, Ms. Land says she still worries about her job security.
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A Higher Monthly Payment, but Less Square Footage
Homebuilders are responding to rising interest rates with an innovation: a small house in the traditionally spacious exurbs.
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Rates Are Jumping on Wall Street. What Will It Do to Housing and the Economy?
A run-up in longer-term interest rates could help the Federal Reserve get the economic cool-down it wants — but it also risks a bumpy landing.
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What Fed Rate Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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Why Are Mortgage Rates So High, and How Long Will They Stay Up?
Economists say loan rates are affected by a complicated combination of factors, but there are tactics consumers can use to land a lower rate.
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In China, More Single Female Home Buyers, Resisting Sexist Norms
The housing market in China is in turmoil. But more and more women, facing a less equal society, are buying their own homes in search of security.
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As Student Loan Payments Resume, Gen X Struggles to Save for Old Age
The end of the payment pause means Americans in this age group will once again have to juggle paying off debt while trying to save for older age.
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U.S. Mortgage Rate Jumps to Highest Level Since 2002
The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.