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Mortgage rates increase after six weeks of declines
Source: Yahoo! News --- Mortgage rates increased this week, breaking their six-week streak of declines just ahead of the new year. The average rate on the 30-year fixed mortgage rose to 6.42% from 6.27% the week prior, according to Freddie Mac. That marked the first...
Should you have a mortgage in retirement?
Source: Fortune --- Retirement planning often includes the goal of eliminating mortgage payments before leaving the workforce behind. This approach is based on the idea that it’s easier to make ends meet in retirement by reducing expenses and not having to deal with a...
Mortgage Rates’ Rise Has Led to Wide Gap With US Bond Yields
Source: US News --- LOS ANGELES (AP) — Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing...
Home buyers see ‘no benefit’ from housing prices, mortgage rates: Expert
Source: Yahoo! News --- William Raveis Mortgage Regional Vice President Melissa Cohn joins Yahoo Finance Live to discuss housing affordability, consumers drawing down their savings, and the outlook for the housing market. Video Transcript [AUDIO LOGO] BRAD SMITH: US...
We’re in the second biggest home price correction of the post-WWII era—here’s the latest data
Source: Yahoo! --- Speaking to reporters in September, Fed Chair Jerome Powell made it clear that going forward the U.S. housing market would get "reset" by a "difficult correction." "Houses were going up at an unsustainable fast level. So the deceleration in housing...
What’s Listing And What’s Selling Right Now In The U.S. Real Estate Market
Source: Forbes --- Despite a slowdown from the previous year’s frenzy, the United States luxury real estate market is still soldiering on with new listings popping up and big-ticket sales happening everyday. Here’s a glance at five distinct markets across the country...
