Buying a home with the intention of reselling it at a profit in the near future made a lot of sense in 2005, when home values …
mortgage rates
Mark Zuckerberg Has a Lower Mortgage Rate than You
Savvy homeowners know that a penny here and a penny there adds up. That’s apparently the case for Facebook founder Mark Zuckerberg, who — despite a reported net worth in excess of $14 billion — just refinanced the mortgage on …
Should You Switch to a 15-Year Mortgage?
As 30-year fixed mortgage rates have hit historical lows, there’s been one less-publicized corollary: 15-year fixed rates are low, too.
Has America Become a Nation of Squatters?
Before the recession, “squatting” brought to mind Appalachian-style family feuds, wherein the Hatfields camped out for years on end, shotguns cocked, on a remote corner of the McCoy’s acreage., or maybe starving artist
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The Real Problem in the Latest Housing Stats
The National Association of Realtors released its July report on housing on Thursday. Considering it’s back-to-school time, let’s take a quiz: The most interesting statistic in the report is …
When is $11.4 Trillion in Debt an Improvement?
The Federal Reserve Bank of New York released a report on Monday that shows America is chipping away at its collective debt — but slowly. According to the Quarterly Report on Household Debt and Credit, overall consumer debt was down by $50 billion at the end of June. If that seems like a lot, it’s not; in fact, it’s a measly 0.4 percent …
Are Cash Buyers Making Real Estate Less Risky?
One of the biggest risks to the housing market, many economists have been noting, is the virtual certainty that interest rates will rise, and probably sooner than most people think.
Farewell to ARMs: The Debt Debacle Should Convince Homeowners To Lock In Their Rates
The debt drama's potential to cause the first large rate hikes in several years should scare some borrowers off from increasingly popular adjustable rate mortgages – but will it?
Top 10 Signs of a Troubled Economy and/or the Apocalypse
This is a gray area: When money is a problem, it can feel like the end of the world is near.
