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HELOCs vs. home equity loans: Everything to consider right now

Not sure if a HELOC or home equity loan is your best recourse? Here's everything homeowners should consider now.

How far will home equity loan interest rates drop in November?

Home equity loans could decline in November, but that isn't the only feasible possibility, experts say.

Banks face growing risk as double defaults on commercial loans mount

A bank practice known as ‘extend and pretend’ has delayed a write-off reckoning but may hide a growing systemic risk

World - Financial Times - 17 hours ago

How low will home equity loan interest rates drop in November?

There are a few events in November that could help push home equity borrowing rates lower, experts say.

When will home equity loan rates fall below 8%?

Home equity loan rates have been dropping. But when will they fall below 8%? Here's what to consider now.

How Fed Rates Influence Credit Cards, Loans, Savings and More

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

Business - The New York Times - 4 hours ago

What Trump's win could mean for student loan forgiveness

The Biden administration's work to cancel student loan debt for tens of millions of Americans will likely come to an end with the election of Donald Trump.

Business - CNBC - 1 hour ago

Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August

Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.

Business - CNBC - October 16

A drop in mortgage rates has failed to ignite home-buying demand, but builders remain optimistic

Builder sentiment inched up in October, the National Association of Home Builders said.

Business - MarketWatch - October 17

Mortgage demand drops to its lowest level since July, as interest rates return to summer highs

Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since July

Business - CNBC - October 23

New-home sales jump to highest level since May 2023, as lower mortgage rates drew buyers in

New-home sales surged in September, as home buyers seized on lower mortgage rates.

Business - MarketWatch - October 24

How does the 10-year Treasury yield affect mortgage rates? Experts explain

The 10-year Treasury yield plays a significant role in your mortgage loan borrowing costs. Here's how.

Mortgage rates rise for the fourth week in a row. But in these states, it’s still cheaper to buy than to rent.

The 30-year mortgage rate is averaging at 6.54%, Freddie Mac said in its latest weekly survey on Thursday.

Business - MarketWatch - October 24

U.S. housing market is on the ‘verge of a vicious cycle,’ which is ‘not good for America,’ Lennar Mortgage head warns

Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America’s future.

Business - MarketWatch - October 29

Pending home sales jump to six-month high as lower mortgage rates draw buyers in

U.S. pending home sales rose 7.4% in September, the National Association of Realtors said on Wednesday.

Business - MarketWatch - October 30

Should I pay off my mortgage in retirement? New book tackles big money questions

Retirement planning is filled with big questions. For some retirees, whether or not to pay off their mortgage is one of them.

Business - CNBC - 4 days ago

Should you lock in a mortgage rate after the November rate cut? Experts weigh in

Aside from the November rate cut, several factors play a role in timing your mortgage rate lock.

Trump or Harris: Who would bring mortgage rates down? Three economists weigh in.

What will happen to mortgage rates and home prices in a prospective Trump or Harris administration? MarketWatch spoke to three economists to find out.

Business - MarketWatch - 2 days ago

Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts

With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.

Business - CNBC - 1 hour ago

How much does a $200,000 home equity loan cost per month now that rates are cut?

As interest rates fall, home equity loans become cheaper. Here's what a $200,000 home equity loan costs monthly now.

Here's who would benefit from Trump's proposed tax break on car loan interest

A tax deduction on car-loan interest proposed by former president Donald Trump would likely benefit wealthier taxpayers who buy expensive cars, experts said.

Business - CNBC - October 14

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

How much does a $15,000 home equity loan cost monthly now that rates were cut?

A home equity loan for $15,000 comes with inexpensive monthly payments now. Here's what to know.

Small Business Administration disaster loan program exhausts funds after Hurricane Helene

The Small Business Administration said it has exhausted funds for its disaster loan program following increased demand from Hurricane Helene, with Congress being in recess.

Small Business Administration pausing disaster loans, program out of money until Congress returns

The Small Business Administration has run out of the money it was using for loans to help business owners recover from Hurricanes Milton and Helene. CBS News congressional correspondent Scott ...

Biden administration has now canceled loans for more than 1 million public workers

A student loan cancellation program for public service workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden ...

Gevo stock soars on $1.46 billion DOE loan for sustainable aviation fuel plant

Shares of Gevo Inc. are climbing 38.2% in premarket trades Thursday after the renewable chemicals and biofuels company received a commitment for a $1.46 billion loan from the U.S. Department of ...