mortgages
Inflation Is Back in a Big Way: What That Means for Borrowers and Mortgages
(TNS)—Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers as well. Today’s combination of low mortgage rates and high inflation is exceedingly rare. So […]
New Mortgages Fall, Sparking Fears of Market Slowdown
A significant drop in mortgage originations for the second consecutive quarter has industry insiders worried, as borrowers appear to be shying away from both refinance and new purchase lending in what is traditionally a peak season, according to a new report from ATTOM Data Solutions. After dropping 3% in the second quarter of 2021, new […]
Nearly 25% of all loans, credit cards and mortgages are in financial hardship programs
As of June, 24.6% of all consumer credit products, including credit cards, mortgages, auto loans and personal loans are in some type of financial hardship program, according to TransUnion….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web