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 […]
[Go Banking Rates, Shutterstock] The lessons of the 2008 housing crisis are a living memory, and the effects of the recession of that era still are being felt. Although today’s housing market is largely hot, experts are bracing for a wave of evictions triggered by pandemic-related disruptions. That, they fear, could […]
[MarketWatch, iStock] Some economists suggest the government may be misunderstanding the size of the problem Fast-rising housing costs have helped to push inflation to a 13-year high. But the way that government statisticians track the price of consumer goods may be missing just how explosive home-price growth has been in […]
[The Washington Post, iStock] The fast-paced housing market of the past year may be slowing slightly in the face of price spikes and a dearth of homes for sale across the country. It’s too soon to say that the market is truly slowing, but data analysis from both Realtor.com and Redfin real estate brokerage […]
(Reuters) – A record-low percentage of U.S. consumers believe now is a good time to buy a home, with worries about surging prices and a small supply of houses on the market outweighing improved sentiment about their jobs and income, a survey from home financing giant Fannie Mae showed on […]
[CNBC, Getty Images] The average interest rate for 30-year fixed-rate mortgages decreased to 3.17% from 3.18% last week, but the Mortgage Bankers Association said applications for a mortgage to purchase a home fell 3% and were 2% lower than the same week a year ago. “Tight housing inventory, obstacles to […]
[Business Insider, Getty] Nearly two-thirds of millennial homeowners in a Bankrate survey said they regretted buying a home. A cutthroat housing market with shrinking inventory have caused buyers to rush purchases. First-time buyers are more likely to buy fixer-uppers or houses online, which can have hidden costs. Millennial homeowners are experiencing buyer’s remorse. Nearly two-thirds […]
[Business Insider] I recently considered refinancing the mortgage on my new home but ultimately decided against it because the math didn’t make sense. If I rolled closing costs into my new loan, my monthly payment would have gone up. I considered paying the closing costs up front, but a formula […]
[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 […]
[FX Empire] Mortgage rates fell to another all-time low in the week ending 15th October. Following a 1 basis point fall in the week prior, the 30-year fixed rate fell by 6 basis points to 2.81%. Compared to this time last year, 30-year fixed rates were down by 88 basis points. […]