How to Buy a Home With a Low Or No Down Payment
After a record-breaking surge in home prices last year, saving enough cash for a down payment is tougher than ever for Americans hoping to purchase real estate.
July 14, 2022 6 MIN
After a record-breaking surge in home prices last year, saving enough cash for a down payment is tougher than ever for Americans hoping to purchase real estate.
If your primary concern is increasing your home’s sale price, a seemingly profitable endeavor might turn into a losing proposition when you crunch the numbers.
Higher interest rates and slowing home sales have tipped real estate into a “buyers market” after two years of sellers calling the shots.
Higher interest rates will soften demand for real estate and provide a "reset" for home shoppers, Fed Chairman Jerome Powell said.
Mortgage rates in the U.S. dropped to a one-month low this week as investors diverted more money to the bond markets.
Mortgage rates fell to a one-month low on Tuesday, retreating almost a quarter of a percentage point after a stock market selloff last week.
Mortgage interest rates in the U.S. this week reached the highest level in almost 13 years as the Federal Reserve fought inflation by tightening monetary policy.
The average U.S. rate for a 30-year fixed mortgage rose to the highest level since August 2009, Freddie Mac said in a report.
The daily average rate for a 30-year fixed mortgage rose above 5% on Wednesday for the first time since 2018, according to Optimal Blue rate-lock data.
Mortgage rates reached a four-year high this week, boosting the average monthly home-loan payment by 20% from a year ago, Freddie Mac said.
