Contract signings to purchase homes fell in September to the lowest level on record, as buyers fled the housing market in the wake of the average 30-year mortgage rate crossing…
mortgage
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Drive through Baltimore’s city center, and you’ll see street after street of historical row homes, many of them more than 100 years old. Roughly half of the city’s 300,000 or…
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When you sell your house, your mortgage gets paid off at closing. The title or escrow company uses the buyer’s funds to pay your lender the remaining balance, along with…
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Mortgage rates will remain elevated above 7% through the end of next year, according to the forecast of a top housing economist with the Mortgage Bankers Association. “Inflation is too…
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Stocks
‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.
A reader writes: “We’d better get real quick or we’re going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.”
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Financial
Should Glen, 45, with little savings and $100,000 remaining on his mortgage, borrow to invest in an RRSP?
Q. Is borrowing to invest in a registered retirement savings plan (RRSP) a good idea for me? I’m 45 years old and earn $110,000 annually. My wife works part time,…
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Canadians renewing their mortgages this year might wish they were part of the American system that locks rates in for 30 years. But as the saying goes, be careful what…
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Stocks
Why mortgage bonds are set to deteriorate, and possibly hit the whole market, according to this Wall Street expert
A flattening Treasury yield curve is part of the problem for mortgage-backed securities, says Harley Bassman.
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Mortgage rates jumped to 6.71 percent this week, as an Iran-conflict-driven bond sell-off pushed Treasury yields sharply higher. The 30-year fixed mortgage rate climbed to 6.71 percent for the week…
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There’s a long checklist when deciding where to live, especially in your retirement years.
