Homeowners Particularly Firsttime Buyers Are Worryingly Late on Their Mortgage Payments

Mortgage rates aren't likely to fall any time soon — here’s why

Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists said.

CNBC - Jan. 21

Few buyers for India’s new electric cars

Also in this newsletter: Meta’s troubles with the competition commission, and Gautami Gavankar’s mantra

Financial Times - Jan. 21

Spurs fightback too late to avoid Everton defeat

Everton's first-half display secured a 3-2 win over a woeful Tottenham side as David Moyes earned his first win since returning for a second spell as manager.

ESPN - Jan. 20

Reeves backs plans for looser limits on mortgage lending

UK chancellor favours proposals by financial regulator for banks to take more risks to boost home ownership

Financial Times - Jan. 20

Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?

The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.

MarketWatch - Jan. 20

Newsom announces bank mortgage loan grace period after wildfires

California Gov. Gavin Newsom (D) announced on Saturday commitments from five major banks to offer homeowners affected by the wildfires a 90-day grace period on their mortgage payments. The ...

The Hill - Jan. 19

First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners

An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the L.A. wildfire.

NBC News - Jan. 19

More homeowners are being denied insurance. The L.A. fires can be a turning point.

Government should focus on these 3 questions to help find solutions.

MarketWatch - Jan. 18

The ‘January defect’ could slam stocks if buyers don’t step up quick

For the bulls to reassert control, the S&P 500 would have to rally to all-time highs.

MarketWatch - Jan. 18

Intel’s stock is rising on takeover hopes. But does any buyer really make sense?

A tech publication writes of the “near certainty” that a company is interested in buying Intel. But it’s not clear which one might fit the bill.

MarketWatch - Jan. 17

Mortgage rules could be eased to boost loans

The £100 limit on contactless cards could also be scrapped, as regulators respond to the prime minister's plea.

BBC News - Jan. 17

The 'Trump Home Shopping Network' is on the air — buyer beware

Days from taking office, President-elect Trump is hawking a "God Bless the USA Inauguration Day Bible" and other products.

The Hill - Jan. 17

Biden’s Farewell Address Leaves Late Night Befuddled

After the president warned about various threats to democracy, Seth Meyers said: “I agree, but why are you giving us a to-do list on your way out?”

The New York Times - Jan. 17

Mortgage rates rise past a key mark, signaling bad news for home buyers

The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.

MarketWatch - Jan. 16

30-Year Mortgage Rate Rises Above 7% for First Time Since May

The latest jump threatens to sideline more buyers and sellers.

The New York Times - Jan. 16

4 reasons to get preapproved for a mortgage loan this January

If you're entering the home market soon, experts say this is a good time to get pre-approved for a mortgage.

CBS News - Jan. 16

Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers.

CNBC - Jan. 16

Late Night Is Willing to Bet on a TikTok Ban

Jordan Klepper called the Supreme Court “not exactly TikTok’s core demographic,” adding that they are “more of a Walgreens app type of crowd.”

The New York Times - Jan. 16

Here are 7 steps homeowners and renters should take after a wildfire, experts say

If your primary residence was affected or completely destroyed in a wildfire, here are seven steps to take immediately, according to experts.

CNBC - Jan. 15

Draymond Green on whether Warriors would mortgage future to win now: 'Bad teams do that'

Golden State's veteran forward is in lockstep with the way the franchise has handled personnel decisions.

Yahoo Sports - Jan. 13

Who Might Buy TikTok? These Are Five Potential Buyers If the Supreme Court Rules Against It

One group calls itself the People’s Bid for TikTok and says it will restructure the social media company to collect less data on users.

Inc. - Jan. 13

Small Businesses and Homeowners in My Hometown Are Grappling With California’s Broken Insurance Market

One business owner in Altadena, where I once lived, would love to rebuild. But all of her customers lost their homes.

Inc. - Jan. 13

Spain proposes 100% tax on property purchases for non-EU buyers

Prime Minister Pedro Sánchez unveils plan to tackle housing crisis

Financial Times - Jan. 13

Will mortgage rates fall below 6% in 2025? What experts say

Rates could fall that low, but certain conditions must play out for that to happen this year, experts say.

CBS News - Jan. 13

More people in late 20s still living with parents

The rising cost of buying or renting home has led more to remain in the family home, a think-tank says.

BBC News - Jan. 11

Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.

Rates were supposed to go down — but a strong U.S. economy is getting in the way.

MarketWatch - Jan. 11

Zion late for flight, suspended 1 game by Pels

The Pelicans suspended Zion Williamson for one game for a violation of team policies, with sources telling ESPN's Shams Charania that Williamson was late to a team flight to Philadelphia on Thursday.

ESPN - Jan. 11

California homeowners battle an 'insurance crisis' as wildfires burn out of control

The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...

NBC News - Jan. 10

Mortgage rates are not rising yet but Reeves has to act

Why Rachel Reeves needs a more detailed growth strategy - and soon.

BBC News - Jan. 10

U.S. Buyers Group to Bid for TikTok Assets as Supreme Court Decision Nears

Billionaire Frank McCourt’s Project Liberty and several partners offered few details on their plan to buy the U.S. assets of the platform, announced the day before the high court will decide its fate.

Inc. - Jan. 10

UK debt market sell-off threatens mortgage pain for households

Some 700,000 borrowers face jump in repayments when fixed-rate deals end this year

Financial Times - Jan. 10

Thousands of L.A. homeowners do not have insurance amid fires

Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business ...

CBS News - Jan. 9

Before the Palisades Fire, many of those homeowners had lost insurance

About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

CBS News - Jan. 9

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

The New York Times - Jan. 9

Average US long-term mortgage rate inches up to 6.93% for fourth straight increase

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July

ABC News - Jan. 9

5 ways to save on your mortgage payments this January, according to experts

Saving on mortgage payments could help you start the new year strong. Here's how to get started.

CBS News - Jan. 9

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - Jan. 8

Mortgage rates hit highest level since July, crushing application demand

Total mortgage application volume dropped 3.7% compared with the previous week.

CNBC - Jan. 8

Here's where mortgage rates could be headed in 2025

Mortgage rates in 2025 are expected to remain above 6%, according to multiple industry forecasts.

The Hill - Jan. 8

The buyer of Michael Jordan’s $9.5 million mansion is an urban explorer who films inside abandoned buildings

The buyer Jordan’s Chicago mansion has come forward to identify himself as a longtime fan of the NBA legend—and he’s sharing his plans for the property.

MarketWatch - Jan. 8

Homeowners Particularly Firsttime Buyers Are Worryingly Late on Their Mortgage Payments

Topics