Category: Mortgages

Bessent Takes on the Bond Vigilantes

The New York Times – Business:
As a rout in the bond market deepens, the pressure grows on Treasury Secretary Scott Bessent to restore calm.
The Pros and Cons of Paying Off Your Mortgage Early

The New York Times – Business:
Homeowners who make extra payments can save thousands of dollars in interest. But, financial experts say, paying down other debt, with higher interest rates, may be a better option.
Mortgage Rates Climb to Highest Level Since July 2025

The New York Times – Business:
Higher costs for home loans have put a squeeze on the housing market, adding pressure to consumers already struggling with elevated inflation.
A Mortgage Servicer Sent a Letter About an Address Change. Was It Deed Theft?

The New York Times – Business:
A letter arrived in the mail from PNC Bank about an address change on a mortgage account. Was a deed theft scheme in process?
Lisa Cook Hits Back at Trump’s Latest Attempt to Oust Her as Fed Governor

The New York Times – Business:
Lisa D. Cook hit back at President Trump’s allegations that she had committed mortgage fraud.
Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides

The New York Times – Business:
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.
Homeowners tight on cash are tapping into their homes’ equity.

The New York Times – Business:
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.
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.
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.
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.
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.