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Mortgage crisis deepens as one in four face missing payments this year
The Independent via Yahoo News· 7 hours agoThe risk is increasing that people don’t have savings to fall back on.” The Bank of England interest...
Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%
Houston Chronicle· 4 hours agoThe average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers a...
U.S. Pending Home Sales Drop in April as Interest Rates Bite
Morningstar· 6 hours agoBy Ed Frankl The number of houses going under contract tumbled in April, as high interest rates dampened purchases, despite greater supply. Here are the main takeaways from ...
Percentage of homes with price cuts reaches 18-month high: Redfin
HousingWire via Yahoo Finance· 3 hours agoThe median payment reached its lowest level in six weeks but was still 7.3% higher on an annualized...
Possible mortgage crisis looms for millions
WPIX New York City, NY via Yahoo Finance· 3 hours agorate, then a conversion to a market-based rate that’s adjusted once or twice a year. That means a mortgage based on a 2019 interest & ...
Possible mortgage crisis looms for millions
The Hill· 7 hours agoAbout 1.7 million homes were bought in 2019 using adjustable-rate mortgages (ARMs). Many of them were “5/1” loans: five years of a lower fixed interest...
Daily mortgage rates for May 30, 2024: Rates push higher on popular terms
AOL· 10 hours agoSee average mortgage rates for today, for a 30-year fixed mortgage, 15-year fixed, jumbo loans,...
Mortgage discounts fail to lure borrowers away from shorter-terms as rate cuts near
Financial Post via Yahoo Finance· 4 hours agoThe CMHC attributes the slowdown in mortgage growth to several factors, including high inflation and...
Top real estate economist offers one word to describe the housing market: Unaffordable
Fortune· 2 hours agoIn an interview with CNBC Zhao touched on recently released data, which found home prices rose 6.5% in March compared to a year earlier, and Redfin’s own data, which found ...
My adult kids live at home. Space is tighter and costs are higher, but it might be the best way for...
Business Insider via Yahoo News· 2 hours agoInterest rates — people don't want to move out of their homes when they have good interest rates....
