As 97% of millennials report huge financial barriers stand between them and homeownership, changes to student loan repayment rules may pose another challenge.
Today's consumer price index is the most influential inflation report. And markets will seize on its figures, potentially moving mortgage rates — possibly significantly.
Mortgage rates tumbled to three-year lows on Friday. Tomorrow and Wednesday bring a torrent of crucial economic data. Overnight, the independence of the Fed was questioned.
The president says he wants to buy mortgage bonds in order to lower mortgage rates. How might that work? And how low may those rates go?
The president wants to ban big corporations from buying more single-family homes. This may help improve affordability, but there could be downsides.
Today's jobs report could send mortgage rates tumbling or soaring. But whether it does will depend on the figures it contains.
We doubt mortgage rates will move far today, absent shocking news. But tomorrow could be much more exciting for those rates.
Buying a home with cash instead of a mortgage can save a ton of interest and strengthen a negotiating position. But it has downsides, too.