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Tag: mortgage

Biden mortgage trick will raise inflation

The Biden administration is doing everything in its power to ensure that Americans can “be happy owning nothing.” The company’s latest tactic is to increase consumer debt spending through second mortgages, which seems more about buying votes ahead of the election than helping Americans. Carol Ross, author of “You Will Own Nothing,” believes Americans need […]

Miles Russell, 15, set for PGA Tour debut at Rocket Mortgage Classic

DETROIT — Myles Russell, a 15-year-old from Florida who became the youngest qualifier in Korn Ferry Tour history, accepted a sponsor’s exemption to make his PGA Tour debut at the Rocket Mortgage Classic. “Ever since I started playing golf, it’s been my dream to play on the PGA Tour and test myself against the best,” […]

Squatters who failed to pay NY mortgage shell out $700K for Florida home: records

Two allegedly racist squatters who missed their mortgage payments for years and then claimed poverty and refused to leave their Long Island home when it was auctioned have paid $700,000 in cash for a new Florida home, records show. Barry and Barbara Pollack, both 72, bought the two-bedroom, two-bathroom home in a Boynton Beach community […]

Mortgage rates tick up as Fed signals delay on interest rate cuts: Freddie Mac

Home buyers saw borrowing costs rise again last week. (iStock) After weeks of declines, mortgage rates reversed course this week, rising back above 7%, according to Freddie Mac. According to Freddie Mac’s latest report, the average 30-year fixed-rate mortgage for the week ending May 30 was 7.03%. Primary mortgage market researchThat’s up from an average […]

Mortgage demand falters as interest rates rise for the first time in a month

DFW housing and macroeconomic analyst Amy Nixon said the longer interest rates are cut, the longer interest rates will remain high and “money is being made.” Key Metrics Home purchase Applications fell to a three-month low as mortgage rates began to rise again. Mortgage Bankers Association (MBA) Home loan application New data released Wednesday showed […]

Mortgage rates fall below 7% in boost for homebuyers

The average rate on a 30-year mortgage fell this week to just below 7% for the first time since mid-April, providing a slight boost to homebuyers trying to weather a housing market slumped by rising prices and relatively few homes available. Mortgage buyer Freddie Mac said Thursday that interest rates fell to 6.94 percent from […]

Mortgage rates dip below 7%

Madison Ventures Managing Director Mitch Rochelle analyzes the housing market and reveals some of the best places to live outside of the big cities on The Big Money Show. Mortgage interest rates Rising house prices weighed on the housing market, which fell for the third straight week and fell below 7% for the first time […]