According to the Urban Institute, only 37% of millennials are homeowners. Student debt is the primary culprit, and affordability is not helping at all. Saving for a downpayment is hard.…
The rush in refinances in the last weeks gave a spark to the housing market due to low rates, which is almost a no brainer due to the potential savings in monthly payments. But mortgage demand flattens with reports of economic uncertainty.
According to Transunion, Generation Z is the one buying homes. These are individuals that were born in 1995 and after. The Majority of them are getting credit cards, buying vehicles…
With the combination of the Fed lowering the rates and the market sell-off last week, mortgage rates have never been this low since 2016. Thus, refinancing mortgage demand is up!…
With low mortgage rates and strong unemployment numbers, the current environment should create a frantic demand on housing and other related consumer spending with having a new home. But is…
By CNBC, Diana Olick Expecting a boost because of the lowering mortgage rates, but it’s going otherwise. Expecting a boost because of the lowering mortgage rates, but it’s going otherwise.…