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Mortgages

This grandmother works gruelling 70-hour weeks just to pay the bills. And she’s not alone

by Anas Siddiqui
This grandmother works gruelling 70-hour weeks just to pay the bills. And she’s not alone

Young outside of the home she rents with her husband in Flatrock, N.L. She says the two don’t have much time to spare for each other these days. (Malone Mullin/CBC) …

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Lenders Offer Buy Now, Refinance Later Free—What’s the Catch?

by Edgar Davis
Lenders Offer Buy Now, Refinance Later Free—What’s the Catch?

Mortgage rates have soared over the past year and now stand at 7.79% for a 30-year fixed-rate mortgage, per Freddie Mac. Amid the skyrocketing rates, many would-be buyers have been …

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Federal Reserve may not hike interest rates. What that means for you

by Walter Watson
Federal Reserve may not hike interest rates. What that means for you

Credit card rates top 20% Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate. After the previous rate hikes, the average credit card …

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Housing market is painful, ugly, anxious with 8% high rate

by Anas Siddiqui
Housing market is painful, ugly, anxious with 8% high rate

Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it’s scaring off buyers and sellers alike. Prices …

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Mortgage demand falls to the lowest level since 1995 as interest rates near 8%

by Anas Siddiqui
Mortgage demand falls to the lowest level since 1995 as interest rates near 8%

Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Mortgage rates last week rose …

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30-year fixed mortgage rate just hit 8% for the first time since 2000

by Anas Siddiqui
30-year fixed mortgage rate just hit 8% for the first time since 2000

JB Reed | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest …

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September home sales drop to lowest level since the foreclosure crisis

by Anas Siddiqui
September home sales drop to lowest level since the foreclosure crisis

Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were …

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Architects report big drop in business

by Anas Siddiqui
Architects report big drop in business

Construction workers erect a building in downtown Miami, Florida, on June 14, 2023.  Jim Watson | AFP | Getty Images Architecture firms reported a sharp drop in business in September, …

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Homebuilder sentiment drops to 10-month low, as mortgage rates soar

by Anas Siddiqui
Homebuilder sentiment drops to 10-month low, as mortgage rates soar

A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022. Rebecca Noble | Bloomberg | Getty Images Builder confidence in the market for …

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Adjustable-rate mortgage demand spiked last week. Here’s why.

by Anas Siddiqui
Adjustable-rate mortgage demand spiked last week. Here’s why.

A house for sale in Arlington, Virginia, in July of 2023. Saul Loeb | AFP | Getty Images The average rate on the 30-year fixed mortgage rose to the highest …

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