As 30-year fixed mortgage rates have hit historical lows, there’s been one less-publicized corollary: 15-year fixed rates are low, too.
Before the recession, “squatting” brought to mind Appalachian-style family feuds, wherein the Hatfields camped out for years on end, shotguns cocked, on a remote corner of the McCoy’s acreage., or maybe starving artist types making their homes in neglected former industrial buildings of lower Manhattan.
The National Association of Realtors released its July report on housing on Thursday. Considering it’s back-to-school time, let’s take a quiz: The most interesting statistic in the report is …
The Federal Reserve Bank of New York released a report on Monday that shows America is chipping away at its collective debt — but slowly. According to the Quarterly Report on Household Debt and Credit, overall consumer debt was down by $50 billion at the end of June. If that seems like a lot, it’s [...]
One of the biggest risks to the housing market, many economists have been noting, is the virtual certainty that interest rates will rise, and probably sooner than most people think.
The debt drama's potential to cause the first large rate hikes in several years should scare some borrowers off from increasingly popular adjustable rate mortgages – but will it?
This is a gray area: When money is a problem, it can feel like the end of the world is near.
