Hints and tips:
Related Special Reports
...The US added 33.8GW of utility-scale renewable energy projects last year, the highest amount on record, bringing the total renewable capacity on the grid to 262GW, according to American Clean Power, an industry...
...In reality, higher rates have helped property prices, because of the unique characteristics of the American mortgage market....
...Home prices have risen more than 70 per cent since then, so why have home equity loans halved? After the financial crisis, banks have actively taken down their mortgage exposure....
...The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...That’s why they don’t mind one-third of developers are gone in terms of debt servicing.”...
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...Homeowners who have locked in on low mortgage rates are reluctant to sell, limiting the supply of houses for sale....
...A serviceable if unspectacular seven-part series, it’s set in a fictional Irish town that’s home to a disturbing cold case and some very frosty locals....
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...Sales of existing homes fell to levels not seen since the depths of the financial crisis as rates on the standard 30-year mortgage nearly tripled to around 8 per cent last autumn New listings tumbled, as...
...As mortgage rates hover around 6 per cent, nearly 70 per cent of Manhattan homes purchased in the final quarter of 2023 were bought without a mortgage, according to Pamela Liebman, the chief executive of...
...Even the inventory of new homes dipped a bit in 2023, as high mortgage rates put a damper on Americans’ desire to finance anything....
...And every lender’s got an online servicing portal. Nationwide’s got a mortgage manager. Everything you need to know, that’s on there. So it’s great to know when your term is coming up....
...Americans are also extremely fond of their fixed-rate certainty. “It’s just so nice,” said one American, a fellow FT columnist, of his home loan....
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
...At the same time, as higher mortgage rates have increased the monthly costs of owning a home, co-op boards have introduced new measures to ensure running costs are met....
...Net mortgage lending rose €12bn last month, the biggest monthly increase for more than a year, largely driven by a jump in French home loans....
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...“Getting a mortgage for 3 per cent, rather than the 7-8 per cent rates in the US, made it seem a good investment right now....
...“We have seen demand for new homes start to dry up.”...
...Basically, I defined what was wrong with mortgage markets. These “modified mortgages” entailed you buying the home, borrowing the money and paying 1 per cent on the mortgage for three years....
...American companies so that they can pay for their coke....
...The 30-year fixed-rate mortgage fell to 7.07 per cent during the week ending December 8, from 7.17 per cent the previous week, the Mortgage Bankers Association said today....
...Economists estimate that the changes could cut the $100bn Americans pay annually in real estate fees by as much as 30 per cent....
...Fink said at the time that the debate references were “a sad commentary on the state of American politics”....
International Edition