A federal crackdown on certain no-money-down home loan programs may hurt thousands of cash-strapped home buyers. Concerned about risky mortgages reminiscent of the housing bust, the U.S. Department of Housing and Urban Development recently called for national groups to stop lending down payments to home buyers seeking Federal Housing Administration loans. Buyers who don’t pony […]
Mortgage Rates Slump to 2-Year Low—but Consumers May Not Bite
Rates for home loans slid as investors snatched up bonds in the wake of an intensifying global trade war. The 30-year fixed-rate mortgage averaged 3.82% in the May 30 week, down from 3.99%, Freddie Mac said Thursday. It was the lowest level since September 2017 for the popular product, and its sixth-straight weekly decline. The 15-year […]
Where to Park Your Money If You Want to Profit: Real Estate vs. the Rest
“I don’t want to make more money”—said no one, ever. With the cost of just about everything shooting up, up, up, most folks these days are looking for near-surefire ways to bring in more cash and build a nest egg. Conventional wisdom has long held that home ownership is one of the best ways to build […]
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