How mortgage rates have influenced the spring housing market
Vitapix | E+ | Getty Images Rates will keep ‘buyers and seller on their toes’ “The biggest thing when we’re looking at mortgage rates right now is volatility,” said Nicole …
Mortgages
30-year amortizations will only impact a ‘sliver’ of the housing market: BMO – National
The Liberal government’s plan to allow some first-time homebuyers to stretch their mortgage amortizations to 30 years will only improve affordability for a “sliver” of the housing market, according to …
Why new build homes can lead to a property tax surprise
Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter …
Housing ‘affordability has just totally collapsed,’ economist says
10’000 Hours | Digitalvision | Getty Images Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a year to afford …
Drop the mortgage stress test at renewal, competition watchdog urges Ottawa – National
Canada’s competition watchdog is urging Ottawa to drop requirements for some borrowers to pass the mortgage stress test at renewal, arguing it limits Canadians’ abilities to shop around for a …
What the settlement on home-sale commissions means to you
A landmark class-action lawsuit may change the way Americans buy and sell homes. The National Association of Realtors agreed to a $418 million settlement last week in an antitrust lawsuit …
How interest rates have changed even as the Fed holds steady
Hinterhaus Productions | Digitalvision | Getty Images Savings accounts Higher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher …
Why home prices have risen faster than inflation since the 1960s
Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home …
How the Federal Reserve’s next move impacts your money
Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start …
Homebuilder sentiment turns positive for the first time since July
U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates. Homebuilder sentiment rose 3 points …