Buck Bully
[Fortune, Getty Images] The Biden-Harris administration has made it clear it has no plans for another extension of the mortgage forbearance program, which is set to lapse on Sept. 30. At the height of the pandemic, more than 7.2 million homeowners were in the mortgage forbearance program, which allows some […]
[MarketWatch] Home prices are rising in every state across the U.S. The numbers: Home prices continued to grow at a record pace in June, according to a leading barometer. The latest edition of the S&P CoreLogic Case-Shiller Home Price Index showed that home prices increased 18.6% from a year ago in […]
[Acorns, Twenty/20] It is not surprising sellers are opting to rent, due to the all-time high housing prices. The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average […]
[Business Insider, Getty] Rich Americans, millennials, and Wall Street are keeping US home prices permanently higher. Demand is strong as the wealthy and investors scoop up homes at historically high prices. A wave of millennial demand can boost prices even higher, and builders aren’t rushing to step in. The housing […]
[The New York Times] A moratorium on evictions did little to address the bigger problem: The country is running out of affordable places for people to live. The United States averted the most dire predictions about what the pandemic would do to the housing market. An eviction wave never materialized. […]
[Bloomberg] The ‘Black tax’ persists because of risk-based loan pricing Policy makers can reverse the negative impact, co-author says Black borrowers pay $13,464 more over the life of a home loan, with interest, mortgage-insurance and tax expenses higher than for their White counterparts, further hurting African Americans’ ability to save […]
The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years. The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound. Sales of new and existing homes have thrived […]
[MSN] Homeowners overlook low rates, looming fee Applications for refinance mortgages are down for a third straight week, a lenders group says, and that suggests homeowners haven’t woken up yet to a couple of urgent reasons to refi. First of all, mortgage rates are spiraling downward again and are back […]
[NerdWallet] If you have a steady income, a good credit score, manageable debt and some money in savings and you want to put down some roots, you may be ready to buy a house. Many or all of the products featured here are from our partners who compensate us. This […]