A Bankratesurveyreleased Wednesday found that more than 40% of respondents said they don't earn enough to buy a house or afford a down payment and closing costs. One in five said they can't afford a home because mortgage rates are too high. "High – and rising – home prices can contr...
3 Reasons Mortgage Rates Are RisingMortgage rates are on the rise, and if the trend continues, the biggest sign of the historic low in the housing market may itself become history.Brian OConnell
After hovering around record lows for the past few years, mortgage rates are rising dramatically. That has consumers not only shopping more but also considering adjustable rate mortgages, which offer lower rates and lower monthly payments. These ARMs, many requiring interest payments only, were popul...
The Federal Reserve announced its third interest rate cut of the year this week. But despite the good news for consumers, mortgage rates are still rising. Bankrate senior industry analyst Ted Rossman joins "The Daily Report" to discuss.
Unfortunately, mortgage interest rates are higher than they were at the end of last year. Kevin Leibowitz, a mortgage broker in Brooklyn and founder ofGrayton Mortgage, predicts that we might have some stabilization and a slight decrease in rates versus the one-sided uptick that we’ve been ...
Like equity REITs, the majority of mortgage REIT profits are paid to investors as dividends. Mortgage REITs tend to do better than equity REITs when interest rates are rising. Risks of Equity and Mortgage REITs Like all investments, equity REITs and mortgage REITs have risks. Here are a few ...
What's fascinating is that despite interest rates coming down for so long, thepercentage of loans that are adjustableis still quite small. We're talking less than 5% of all mortgage loans are adjustable rate mortgages. What a shame that so many homeowners with a mortgage paid a hig...
When interest rates are high or rising, you might wonder:“Should I pay off my mortgage or invest? Which strategy will put me financially ahead in the long run?” Very low interest rates following the global financial crisis made larger mortgages much more affordable. ...
That's potentially good news for homebuyers, since interest rate cuts would likely make monthly mortgage payments a bit more affordable. While mortgage rates are most closely linked to 10-year Treasury bonds, they tend to move in tandem with the Federal Reserve's benchmark interest rate. Conse...
Protects you from risinginterest rates Mortgage payments are consistent Easier to budget and plan your finances Cons of fixed-rate loans Interest rate may be higher than the market rate initially You’ll have to go through the process of refinancing to lower your rate ...