As mortgage rates stagnate around 6%, prospective homebuyers are feeling nostalgic for the 3% interest rates of 2020 and 2021. Google search results for the term “assumable mortgage” spiked in May, following a steady upward trend starting in 2022. Mortgage assumptions allow buyers to take over an existing mortgage at its current rate, possibly securing…
Share Digital Original Popular in the 1970s and 1980s, assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way…
Share Street Signs Asia In the short-term, tactical trading of China markets is appropriate: BNP Paribas Asset Management Chi Lo of BNP Paribas Asset Management says the markets will remain volatile while waiting to see evidence that Beijing is serious in it’s support of China’s economy. 01:50 3 minutes ago Source: www.cnbc.com
Share Street Signs Asia David Kuo from The Smart Investor and Thomas Fang, Head of China global markets at UBS discuss the Chinese Finance Minister’s press conference on the highly anticipated fiscal stimulus and its impact on the country’s struggling housing market. 06:10 Mon, Oct 14 20244:44 AM EDT Source: www.cnbc.com
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A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images An abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop. Total mortgage application volume fell 5.1% last…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to a research by the Economic Policy Institute. This trend has often been referred to as wage stagnation. But more recently, economists have…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Glenn Kelman, Redfin CEO, joins ‘Money Movers’ to discuss Kelman’s view of the housing market in September, the magic rate number that could get homebuyers back into the market, and what it’ll take for more inventory to hit the market. Source: www.cnbc.com
