Mortgage Rates Go Down Over Last Week
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Home sales could fall to a three-decade low in 2025 as elevated mortgage rates continue to crimp affordability, Realtor.com economists say.
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.
It's something that has a big impact on homebuyers: mortgage rates. When mortgage rates go up, it becomes more expensive to borrow. In some cases, they can price buyers out of the market and cause monthly payments to go up for those who can still afford to purchase a home.
Missing a mortgage payment can have detrimental consequences such as foreclosure. In addition, this can also affect your credit score.
First-time buyers struggle with high home prices and mortgage rates near 25-year highs. Assumable VA loans offer one option for lower interest costs.
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Both HELOC and home equity loan interest rates fell again last week. Here's what potential borrowers should do next.
My wife and I are both retired. I am 77 and she is 74. We are both in good health and stay active with hiking and yoga. We have equities, bonds and cash worth $1.6 million. We get $4,500 a month from Social Security. We have a long-term care policy with an annual premium of $9,500 and I have an annuity death benefit of $330,000.
Discover how Charlie Chaplin's 1918 war bond film helped create the 30-financial time frame that eventually helped Americans accept the idea of the 30-year mortgage.