Homeowners with adjustable mortgages could get slammed
Heritage Foundation economist Peter St. Onge provides analysis of the housing affordability crisis on “The Bottom Line.” It was cheap, but High risk mortgages People who are behind on payments on loans taken out several years ago could see their monthly payments soar. More than 1.7 million homes have been purchased with an adjustable rate […]
Buyers are taking on riskier adjustable rate mortgages as affordability worsens
Madison Ventures+ Managing Director Mitch Rochelle shares his thoughts on rising mortgage rates and rent prices. US homebuyers are turning to riskier home purchases variable rate mortgage High interest rates are making it unaffordable for buyers taking out new fixed-rate mortgages, according to a new report. Mortgage Bankers Association’s composite market index. Loan application The […]