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Buyers are taking on riskier adjustable rate mortgages as affordability worsens
FOX Business· 23 hours agoHomebuyers in the U.S. are turning to riskier adjustable rate mortgages (ARMs) as high interest...
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
CNBC· 1 day agoWhen mortgage rates rise, consumers look for any way to lower their monthly payments, and that often...
'Almost impossible': Janet Yellen despairs at housing market's one-two punch for first-time buyers
Fortune· 12 minutes ago“With house prices having gone up, and now with much higher interest and mortgage rates, it’s almost impossible for first-time buyers,” Yellen said. Yellen ...
Average Long-Term US Mortgage Rate Rises for Again, Reaching Highest Level More Than Five Months
US News & World Report· 4 hours agoThe rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds ...
What do higher-for-longer interest rates mean for your money?
FOX Business· 11 hours agoAmericans will be forced to adapt to a new normal where savers benefit from higher rates, but...
Santander hikes mortgage rates for second time in a week
Proactive Investors· 9 hours agoSantander UK has announced it is hiking fixed mortgage rates for the second time in less than a...
UPDATE: Federal Reserve won’t change its key interest rates. Here’s what to know
Sacramento Bee via AOL· 1 day agoThere are many other factors affecting rates, he said, notably the ballooning federal deficit and...
The Fed's new interest-rate outlook may roil markets
TheStreet via Yahoo Finance· 20 hours agoMortgage and consumer rates will stay high As important, the yield on the 10-year Treasury bond had fallen to 4.585% after Powell predicted no rate hikes...
Rates increase | Today's mortgage rates for May 2nd, 2024
Bankrate.com· 16 hours agoRates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans moved higher. The movement of fixed mortgage rates parallels the 10-year Treasury yield, which moves as investor ...
60 Wall St. secures new mortgage at a steep price, proceeds with redevelopment
Crain's New York Business· 3 hours agoA $259 million slice of the five-year mortgage carries a 12% interest rate and is a payment-in-kind loan, meaning if the landlords choose ...