Category: Mortgages

What Fed Rate Increases Mean for Mortgages, Credit Cards and More

The New York Times – Business:
Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.
Low-Down-Payment Mortgages: Your 2023 Guide

The New York Times – Business:
Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.
With Suns Deal, Mat Ishbia Is Close to His Basketball Dream

The New York Times – Sports:
Mat Ishbia was a walk on at Michigan State 20 years ago before he became a wealthy businessman. His $4 billion deal to buy the Phoenix Suns could help him live his sports dream.
Why It’s Hard to Predict What the Economy Will Look Like in 2023

The New York Times – Business:
Years into the pandemic, it is still difficult to get a handle on what comes next for the economy by looking at examples from the past.
Are the Federal Reserve’s Rate Increases Working?

The New York Times – Business:
The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates

The New York Times – Business:
After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

The New York Times – Business:
Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.
What Fed Rate Increases Mean for Mortgages, Credit Cards and More

The New York Times – Business:
Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.
How the Treasury Market Predicts and Influence Interest Rates

The New York Times – Business:
The market for U.S. government bonds, called the Treasury market, offers predictions on the path for interest rates and the economy.
U.S. Mortgage Rates Soar Past 7%

The New York Times – Business:
The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.