US Economy News Today: Mortgage Rates Climb During Spring Busy Season

She is the Economics Editor for news at Investopedia ... tomorrow's employment report and mortgage rates rose. Mortgage Rates Continue to Climb Through Busy Home Buying Season Mortgage rates ... Read More

Gen Z are right to be pessimistic – they’ll be paying mortgages in retirement

Buying a home was once considered to be 'a good investment'. Now, buying a home now looks a lot more like renting from the bank for much of your life ... Read More

Home Sales, Leading Indicators Confirm Economy’s Strength

Home sales surged 9.5% in February despite higher mortgage ... rising consumer debt and elevated interest rates weigh on consumer spending.” Despite the measured comments, the report follows ... Read More

Raising An Ai Brainchild In The Mortgage Industry

Pavan Agarwal likes saving money. When he looks around his office and sees only 11 underwriters at work, he smiles to himself. That smile is powered by Angel Ai. Let’s do some math: Last year, Sun ... Read More

California is growing again but Shasta County might not see the benefit

California’s population grew for the first time since 2020, but local housing experts say that doesn’t mean much for the wider issues the state’s facing. Read More

Why Are Interest Rates Going Up? Here’s What Investors Need To Know About It

If you've been paying attention to the news lately ... of these issues, the Secured Overnight Financing Rate will replace the LIBOR rate in June 2023. Interest rates are rising right now because ... Read More

Money latest: Five big lenders hike mortgage rates amid interest rate uncertainty

Read this plus all the latest consumer and personal finance news ... growing more cautious. Responding to today's hikes, Elliott Culley, director at Switch Mortgage Finance, told Newspage: "The ... Read More

What Is a Variable-Rate Mortgage?

LIBOR was one of the most common benchmarks, but it faced criticism, and since January 2022, hasn’t been used to issue new home ... markets, buyers may choose variable-rate mortgages with ... Read More

Homeowners Insurance Buying Guide

The forces behind that big jump vary, from market disruptions affecting many areas of the economy to issues ... your home, Worters says. (Sewage backup could also be caused by tree roots growing ... Read More

Mortgage lenders hike interest rates as market jitters set in

Anxiety has set in among UK mortgage lenders ... a difficult few months for borrowers and home buyers to navigate. Inflation is not the only factor when setting rates as we know, but the influence of ... Read More

Home buyer inquiries flatlined in April amid affordability challenge – surveyors

A net balance of 1% of property professionals reported new buyer inquiries falling rather than rising ... that UK mortgage lending could grow by just 1.5% (net) in 2024, as stretched affordability and ... Read More

Best FHA Loan Lenders Of May 2024

Natalie toggles between news ... buyers and refinancers. The lender offers fixed and adjustable-rate conventional and jumbo mortgages, FHA loans and VA loans. It doesn’t offer USDA loans, home ... Read More