Mortgage Planning / Trends

Opinion: The solution to China’s giant mortgage crisis is obvious — except to Beijing

August 2, 2022 admin No Comments

China’s ongoing housing mortgage crisis will end up being much more significant than just the Evergrande default a year ago. This is largely because of the scale of the problem and the fact that the solution requires Beijing to spend considerable political capital rather than just financial capital. Although Beijing’s “whack a mole” approach in…

Investment

FHA loan requirements, limits and rates for 2022

August 2, 2022 admin No Comments

What you need to know now about FHA loans. Getty Images/iStockphoto Many people looking for an affordable mortgage — especially buyers who may not have a lot of savings for a down payment, or have debt or a lower credit score — find themselves researching FHA loans. Indeed, MarketWatch Picks profiled one such first-time homebuyer,…

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‘I love Tucson. It’s a progressive place in a red state’: But I want to be near my daughter in Brooklyn. Should I sell my home and buy in New York — or rent?

July 26, 2022 admin No Comments

I am a 66-year-old high-school teacher in Tucson, Ariz. I have a home downtown, near the University of Arizona, which is valued at $610,000. I have about $105,000 left on my mortgage. I have two roommates who pay rent, which helps me pay off my mortgage. It’s my ambition to retire in four years, and…

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Adjustable-rate mortgage vs. Fixed-rate mortgage: Which one is better for you?

July 20, 2022 admin No Comments

Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns. It’s tough out there for homebuyers. The median US home price just broke…

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Opinion: A recession can be avoided if Americans accept 4% inflation

July 13, 2022 admin No Comments

Federal Reserve Chairman Jerome Powell now recognizes it will be difficult to avoid a recession, but accomplishing this soft landing will depend on accepting a higher inflation target than 2%. The Fed began raising the federal funds rate in March, but mortgage rates began moving up in January. Contracts to purchase existing homes began tailing…

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ARMs are making a comeback — are they too risky for hopeful homebuyers?

July 5, 2022 admin No Comments

Adjustable-rate mortgages suffered a tarnished reputation after the 2008 financial crisis. They faded away and lurked on the fringes of the mortgage market for years. But as home buyers grapple today with skyrocketing prices and interest rates, ARMs are making a comeback. And that’s totally not a bad thing. ARMs are appealing because they start…

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