U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability

U.S. Mortgage Rates Rise for Fourth Straight Week to Highest Level in Two Months, Impacting Housing Affordability

U.S. mortgage rates rose for the fourth straight week to their highest level in two months, dealing a major blow to housing affordability. The 30-year fixed-rate mortgage increased and averaged 6.94% as of Feb. 29, according to data released by Freddie Mac FMCC,+0,92%THURSDAY. This is an increase of 4 basis points from the previous week … Read more

Should You Rent or Sell Your Home? Making the Decision in Northern California

Should You Rent or Sell Your Home? Making the Decision in Northern California

My husband and I can’t decide between selling our house or renting it. We live in Northern California, in an area we don’t like. The house is cute, we have a 2.5% interest rate, and we have $262,000 left on our mortgage. The Redfin estimate for our house is currently $550,000. We took in a … Read more

British MP George Freeman Resigns as Minister Over Insufficient Salary: “I Couldn’t Afford My Mortgage”

British MP George Freeman Resigns as Minister Over Insufficient Salary: “I Couldn’t Afford My Mortgage”

A visibly insufficient minister’s salary. British MP George Freeman announced that he resigned as Minister of State for Business, Energy and Industrial Strategy last November because his salary did not allow him to repay his mortgage. “Why did I quit? Because my mortgage goes up this month from £800 to £2,000 (around £930 to £2,340), … Read more

Top Variable Mortgages in January: Euribor Impact, Predictions, and Best Options for Mortgage Holders

Top Variable Mortgages in January: Euribor Impact, Predictions, and Best Options for Mortgage Holders

He euribor Today, mortgage holders who are waiting to renew soon are worried. If its monthly downward trend continues -in the daily drops to 3.57%– would give a break saving to those who already have a mortgage credit because it would lower their monthly payment and would stir up the hornet’s nest of granting variable … Read more

Navigating the Financial World: Gaining Insights and Understanding from a Practical Citizen’s Perspective

mathematician You can do anything that is permitted and in which a bank participates or plays a part. Sounds – to me – a bit like “speculating on credit”…? But you should also be aware of this and take into account the typical imponderables and risks… I’m not a “mathematician” but just a practical and … Read more

Affordable Mortgages: How to Ensure Financial Security in Retirement

Affordable Mortgages: How to Ensure Financial Security in Retirement

If more than a third of your income has to be spent on the mortgage, it is no longer considered affordable. Finances: Is there enough money for the mortgage? With retirement income, there are suddenly fewer financial resources available. – Pexels Ad the essentials in brief Early calculations show whether the loan will remain affordable … Read more

How New Mortgage Rules Are Impacting Home Buyers and Green Energy Investments

How New Mortgage Rules Are Impacting Home Buyers and Green Energy Investments

NOSEa heat pump is installed NOS Nieuws•vandaag, 17:25 Leanne Kraniotis economics editor Leanne Kraniotis economics editor Until recently, home buyers hardly looked at the energy label of a house they were interested in. That has changed in the past few years, mainly due to rising energy prices. And since January 1, something has been added: … Read more