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Mortgage rates are at a 20-year high. Here’s what that means for monthly payments.
Source: ABCNews --- The spike in mortgage rates this week continues a monthslong trend that has dramatically escalated the cost of home loans - but the exact price hike may surprise some homebuyers. The 30-year fixed-rate mortgage leapt to 7.08% on Thursday, reaching...
3 Real Estate Market Predictions for the Rest of 2022
Source: The Motley Fool --- Nobody can know the future, but here are some things I could see happening. The real estate market in the United States has been decidedly unpredictable for the past couple of years. Many investors and industry analysts (myself included)...
Dow falls nearly 100 points on 1st day of November as Fed decision looms
Source: CNBC --- Stocks tumbled on Tuesday as a new month of trading commenced. Traders also assessed better-than-expected economic data and what it spells for Federal Reserve policy going forward. The Dow Jones Industrial Average fell 91 points or 0.3%. The S&P...
To Buy or Rent, That Is Too Big a Question
Source: Bloomberg --- Remember when New Yorkers began fleeing the city at the beginning of the pandemic, escaping to their summer homes in the Hamptons or snapping up houses in the country? Those who dreamed of living in New York suddenly saw an opportunity to make it...
The Hottest Housing Market In America
Source: 24/7 Wall St. --- There is a real concern that the extremely hot housing market has started to collapse, especially in markets where prices have surged at record paces. One of the threats is due to mortgage rates that have risen from 3% a year ago to 7%...
What the midterm elections mean for the housing market — and one ‘politically contentious’ issue that splits Democrats and Republicans
Source: Market Watch --- The midterm U.S. elections are coming. And elections have consequences for the housing market, according to a new report from investment bank Cowen. The report by Cowen’s Jaret Seiberg noted that the Nov. 8 elections will determine which party...
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