Home prices are squeezing potential buyers out of the market, and the true cost of homeownership is rising even higher. The hidden costs of homeownership now total nearly $16,000, climbing faster than incomes, a new analysis from Zillow and Thumbtack found. That’s an additional $1,325 a month on top of the mortgage payment. According to […]
Hidden home costs hit $16K, outpacing incomes Read More »
Better Home & Finance will likely be in the red for a while, but is gaining momentum with new partnerships and growing volume, its CEOVishal Garg said in a Thursday earnings call. The New York City-based lender posted a $39.1 million net loss for the third quarter, and hasn’t gotten much closer to breaking even
Better’s $39M loss masks growth momentum Read More »
The Trump administration floated the idea of a 50-year mortgage this weekend with the intention of improving affordability, but some data analyses indicate it could do the opposite. The interest paid for a 50-year mortgage on a $500,000 loan with a 6.10% annual percentage rate, roughly the current average for a 30-year fixed-rate mortgage, would
50-year mortgage plan piles on interest, analysis finds Read More »
Mortgage rates rose by 2 basis points this week, but did not impact home purchase activity during the period, Freddie Mac said. “Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie Mac’s chief economist. Right now,
Homebuyer activity climbs despite minor rate uptick Read More »
Waterstone Mortgage is an independent mortgage banker which happens to be a fully owned asset of a bank, explained Jeff McGuiness, its president and CEO. It outperformed the plan submitted to its holding company, Waterstone Financial, and was profitable for all of 2024 and so far in 2025, looking primarily at its origination business and
Waterstone Mortgage on its structure and profitability Read More »
Treasuries sustained small losses as the longest government shutdown on record ended and expectations for another Federal Reserve interest-rate cut next month eroded further. Yields were higher by as much as three basis points, led by tenors more sensitive to changes in Fed policy. The odds of a December rate cut assigned by the market have slipped
Treasuries stumble as shutdown ends and traders brace for swings Read More »
While there are legitimate means to allow consumers to boost their credit scores, others – not just individuals but also industrial or institutional actors – engage in a practice known as credit washing. The practice takes advantage of something people are allowed to do: challenge erroneous information on their credit reports. But in credit washing,
Credit washing rose nearly 700% over 2 years: Transunion Read More »
Jeremy Erickson/Bloomberg Key insight: Economists see validity in Fed Gov. Miran’s argument that shelter inflation is coming down, but note the impact to overall inflation may vary in significance. Expert quote: “I don’t think that rental disinflation is really going to be enough of a reason on its own to say ‘mission accomplished on inflation.’ I
Fed Gov. Miran has a view on the economy. Is it persuasive? Read More »
If it feels like you’re seeing new construction signs pop up everywhere, you’re not wrong. Builders have been busy. And it’s left some people wondering: Are we overbuilding like we did right before the 2008 housing crash? No matter what you may hear in the news, there’s no reason for alarm. In reality, data shows
Are Builders Overbuilding Again? Let’s Look at the Facts. Read More »
Mortgage rates are based on bond market movement and bonds are much stronger today compared to Monday. Although bonds were closed yesterday for the Veterans Day holiday, there was an important piece of economic data that suggested lower rates today. The data in question was the new weekly payroll count from ADP. Whereas October’s monthly
Mortgage Rates Only Modestly Lower Despite Bond Market Improvement Read More »