it means rates are likely not going to fall. Unfortunately, thelatest price projections for 2025are 3+ percentage points up and in some cities, price gains could be very steep.
As for the current fixed-rate mortgage, it’s like a weather forecast—constantly changing. To get today’s rates, you’d need to check with lenders or financial news sites since they’re always updating with the financial tides. Are fixed-rate mortgages a good idea? Now, are fixed-rate ...
More inflation data this week suggests that while gas prices have retreated significantly since early in the summer, prices for most other necessities have actually gone up, panicking investors who fear a possible recession if the Fed keeps boosting rates. Most economists forecast that the Fed will...
now is probably a great time to buy due to all-time historic low rates. There is no guarantee that rates are going to remain this low, if/when property values come down some more over the next 1-2 years. So, I rather take the guarantee and have all-time record low rates and know ...
The foolish bet many analyst made was default rates of these more exotic mortgages wouldn’t be defaulting at such high rates. They also never envisioned prices dropping so fast but what would you expect from people that depend on high...