Homebuyers are taking advantage of lower mortgage rates and a slightly more desperate seller. CNBC’s Diana Olick reports on the latest mortgage application data.
Some prospective homeowners will do just about anything to buy their first house. Borrowing from a 401(k) plan, selling their belongings and borrowing from family are all possibilities, according to data from Bankrate.com
Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgage application volume rose 2.0 % last week compared with the previous week.
With bonds looking “pretty dicey” and global macro uncertainty making it difficult to take big risks in stocks, investors can consider investing in REITs, says Tim Wong of DBS Bank.
It’s a sign that the prominent Democratic donor is opening his network to the former vice president.
A federal appeals court last week overturned a prior ruling that had favored the government’s collection of the mortgage giants’ profits.
CNBC’s Diana Olick reports from Capitol Hill where Treasury Secretary Steven Mnuchin told her he’s exploring a number of options to push forward with privatizing Fannie Mae and Freddie Mac.
Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price.
Axios Business Editor Dan Primack and CNBC’s Leslie Picker join “The Exchange” to discuss WeWork’s IPO roadshow and the controversy surrounding the company.
Here’s a look at the top and bottom five U.S. cities in terms of retiree-friendliness, as ranked by personal finance website WalletHub.