Patrick Nelson, who manages 18 student housing properties, is struggling to pay back his partners. He says the pandemic harmed his once-thriving business.
Category: Mortgages
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Closing Costs for Buying a Home Have Risen Along With Rates
These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down.
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High Mortgage Rates Leave Biden Searching for Housing Relief
The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.
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A Mortgage After 65: A ‘No Brainer’ or a Big Risk?
Fueled by once-low rates, more older Americans have mortgage debt, according to new research. But the downsides can be significant, some experts say.
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What the Fed’s Moves Mean for Mortgages, Credit Cards and Savings
Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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New Home Sales Continue to Grow
As owners remain reluctant to put their properties on the market, developers are rushing to build new homes to meet demand.
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Is This Really ‘the Worst Time to Buy a Home’?
Maybe — but it’s not a terrible time to rent.
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What Is the Basel III Endgame, and Why Are Banks So Upset About It?
Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry.
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Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key event looms in the backdrop: the election.
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High Housing Prices May Pose a Problem for Biden
Buying a home is a less attainable goal for many young people, and rents are expensive. Could that dog Democrats in the 2024 election?
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What the Fed’s 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.