Homeownership is not the boon to older Americans that it once was.
Category: Mortgages
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.
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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
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What Comes Next for the Housing Market?
The Federal Reserve still expects to cut rates this year, and a change in selling practices could shake up home shopping. Here’s the outlook.
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What the Fed’s Rate Moves Could Mean for Loans, Mortgages 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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Student Housing Pioneer Faces Angry Investors, Irate Judges and a $115 Million Bill
Patrick Nelson, who manages 18 student housing properties, is struggling to pay back his partners. He says the pandemic harmed his once-thriving business.
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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.