Today: 28. Sep, 2024
As mortgage interest rates continue progressing upward, the mortgage industry is witnessing a significant shift in consumer preferences and behaviours. The demand for mortgages has slowed down to its lowest pace since 1995, with total application volume experiencing a 1% drop last…
The average 30-year fixed mortgage rate in the United States has hit an astonishing 8% for the first time since 2000, leaving many potential homebuyers grappling with affordability. As Jessica Lautz, deputy chief economist and vice president of research at the National…
The United States real estate market has faced a significant downturn, with September home sales dropping to the lowest since the foreclosure crisis in 2010. This dip represents a 2% decrease from August and a 15.4% decline compared to September of the…
The housing market is challenging as builder confidence for single-family homes plunges to its lowest since January. This downturn is primarily attributed to the surging mortgage rates and increased costs tied to financing. The recent National Association of Home Builders/Wells Fargo Housing…
In the ever-evolving landscape of U.S. housing, the White House has introduced a new plan dubbed the “Renters Bill of Rights.” At its heart, this plan strives to offer more robust protections for the estimated 44 million U.S. renters who face challenges…
The world of mortgages witnessed a surprising turn last week. The adjustable-rate mortgage (ARM), a mortgage whose interest rate is periodically adjusted based on specific indices, saw a spike in demand. This move was in direct contrast to the fixed mortgage rates,…
In recent times, as extreme weather events and natural disasters grow more frequent, the power outages that follow have become an all too familiar scenario for Americans. This increased risk calls for consideration of home backup power storage systems. But as many…
In a surprising turn of events, the demand for mortgages has dropped to its lowest point since 1996, primarily driven by the steep rise in interest rates. As they edge closer to the 8% mark, potential homebuyers and current homeowners looking to…
Estate planning is a widely misunderstood area of personal finance. Misinformation can lead to missteps that cost time, money, and unnecessary stress. Here are ten persistent myths about estate planning: 1) Estate planning is solely for the wealthy. This misconception is partly…
July usually witnesses a spike in home purchases; however, the uptick in interest rates is starting to show its effects. In July, the tally for mortgage approvals slumped to a five-month trough, spotlighting the mounting influence of increased borrowing expenses on the…
