Tag: mortgage

Fannie Mae now accepts cryptocurrency as collateral for down payments, allowing homebuyers to leverage their digital assets without selling. Details here.  Crypto can cover your mortgage as Fannie Mae launches new policy Homebuyers holding cryptocurrency may now have a new way to finance property purchases in the United States, as digital assets begin to find

What happened to mortgage rates this week? Mortgage rates jumped 11 basis points to 6.11% this week as volatility caused by geo-political uncertainty outweighed relatively soft economic data. The ongoing conflict in Iran has stoked fears of wartime inflation, sending yields on the 10-year Treasury climbing and driving mortgage rates higher. This shift comes despite

Mortgage rates will fall today following a weaker-than-expected jobs report that increases the odds of a September rate cut. U.S. employers added 73,000 jobs in July, fewer than the roughly 100,000 expected by forecasters. Almost all of the job creation previously reported for May and June was revised away and the unemployment rate ticked up

The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went into effect.

Navigation for News Categories Consumer credit defaults have increased by 42 percent on the year earlier. Photo: RNZ / Michelle Tiang The number of people falling behind in mortgage payments has hit levels not seen since 2017, according to credit agency Centrix. Its January credit report indicates mortgage arrears were at an eight-year high, with

Last week, the housing data demonstrated stability even as we approached potential tariff enforcements starting on Saturday...