I’m 59 and eager to retire soon, but I still owe $81,000 on my mortgage. Will I have to keep working until it’s settled?
Imagine this: Brenda, who’s 59, single, and childless, is considering retirement. The catch? She still owes $81,000 on her mortgage. It seems reasonable that she might want to stick with her job until that’s paid off. If Brenda retires while still having a mortgage, she’d be part of a growing trend among older Americans. Back […]
Mortgage rates decrease to 6.84%
Changes Ahead for the US Real Estate Market Experts in the industry believe that the US real estate market is set to undergo significant changes in the near future. According to Freddie Mac, a mortgage buyer, the average rate for a 30-year fixed mortgage has decreased slightly to 6.84% from last week’s 6.85%. Interestingly, this […]
Unexpected rise in new home sales despite elevated mortgage rates
US New Home Sales Hit Three-Year High In April, sales of new detached homes in the United States rose to their highest level in over three years, driven largely by builders lowering prices to attract more buyers. However, rising mortgage rates and ongoing economic uncertainty continue to pose challenges for the housing market. The Commerce […]
Mortgage rates increase to 6.86%
Mortgage Rates Rise and Home Sales Decline Bill Prute, the director of the Federal Housing Finance Agency, has weighed in on whether President Donald Trump’s policies have made home ownership more accessible through financial means. Freddie Mac reported on Thursday that the average rate for 30-year fixed mortgages climbed to 6.86%, up from last week’s […]
Trump Suggests Privatizing Infamous Mortgage Companies That Contributed to 2008 Crisis
Trump Considers Privatizing Fannie Mae and Freddie Mac On Wednesday, President Donald Trump indicated that he is seriously contemplating the privatization of Fannie Mae and Freddie Mac, two key players in the U.S. mortgage sector. It has been over 15 years since the government took control of these companies during the financial crisis of 2008. […]
Jamie Dimon from JPMorgan speaks out against mortgage lending regulations during the company’s investor day.
Jamie Dimon Critiques Financial Regulators During JPMorgan Chase’s Annual Investor Day, CEO Jamie Dimon expressed dissatisfaction with financial regulators for not easing rules that he believes are driving up costs for homebuyers. He mentioned that many of these homes may not even be necessary. “I’ve mentioned this before, but the cost of a mortgage can […]
Virgin Money mortgage holders complain about Nationwide’s better offers.
Some customers of Virgin Money are expressing discontent over the disparity in mortgage offers compared to national borrowers, even though both belong to the same corporate family. Following Virgin Money’s acquisition by Nationwide last fall, the two brands still function separately. Some Virgin mortgage holders feel like they’re at a disadvantage when trying to secure […]
Mortgage rates increase to 6.81%
Host Charles Payne, from “Make Money,” recently pondered whether President Trump’s trade war might push the U.S. towards isolation. On Thursday, Freddie Mac released its latest research findings. The data showed that the average rate for 30-year fixed mortgages has climbed to 6.81%, up from 6.76% the prior week. A year ago, this rate was […]
Federal and city officials should investigate Jumaane Williams for potential mortgage fraud, according to a political source.
The federal government and the city are being urged to look into potential mortgage fraud by NYC public advocate Jumaane Williams, particularly focusing on concerning aspects surrounding his Brooklyn property that recently went into foreclosure. Councillor Robert Holden (D-Keynes) sent letters to Federal Housing and Finance Director William Plute and Jocelyn Strauber of the New […]
AG Tish James faced interruptions regarding the mortgage fraud case at the town hall: ‘Say sorry to Donald Trump’
New York Attorney General Letitia James faced a wave of disruption from Trump supporters during a community hearing, coinciding with the initiation of a federal criminal investigation into alleged mortgage fraud, which they deemed “basically unfounded.” This situation unfolded at a community impact hearing in Westchester on Thursday night, just hours after a formal criminal […]