By all available means, data, and metrics, housing prices are still soaring. The growth seen by the typical single-family home over the past two years has been blistering ...
Read More »The Hidden Costs of Owning a Home
There’s more to the cost of owning the home than mortgage and down payment of a house. According to a survey by personal finance website, Bankrate.com, The average ...
Read More »Technology and Tax Reform
Greg McBride is the SVP and Chief Financial Analyst for Bankrate.com, with over two decades' worth of experience in personal finance. A regular staple the cable news scene, McBride regularly provides insights ...
Read More »Mortgage Rates Down, Loan Applications Up
As previously predicted, mortgage rates reacted to the recent drop in the Treasury yield, falling this week to a 2017 low. However, these low rates may soon bounce back, with 30 percent of mortgage professionals polled predicting that next week will see a rise in rates. For now, the industry is experiencing an increase in loan applications as applicants move to take advantage of the favorable market.
Read More »Millennials: Financial Independence a Priority
Though previously labeled as entitled, millennials have high expectations when it comes to being independent. A study revealed that millennials think people should be financially self sufficient at a younger age than older generations do. This hints to a promising future in the housing market.
Read More »Minorities, Parents Poised to Buy in 2017
A recent report revealed that minorities, older millennials, Gen Xers, and parents are showing the highest likelihood to become homeowners this year.
Read More »Affordability Concerns Constraining Homeownership
Although rents continue to rise at a rapid pace, many Americans are still shying away from the real estate market due to down payment and credit score troubles.
Read More »Rate Hikes Low on the List of Worries for Most Americans
Concern over what will happen now that the Fed has raised the interest rate for the first time in a decade‒‒and with further increases on the way‒‒is surprisingly minimal. Read on to see which group of Americans are not particularity worried about future rate hikes.
Read More »Interest Rate Hike Outlook for 2016
Remember the interest rate hike that occurred last month? Wondering what's next? Mark Hamrick, Senior Economic Analyst at Bankrate provides some insight on what to expect from the Federal Reserve in the new year and why this is likely to not be the entity's last move.
Read More »TRID: A Step Into the Unknown
Amid all the consternation about the looming TILA-RESPA Integrated Disclosure Rule effective date of October 3, one analyst believes that the biggest unknown about TRID is just that—unknown.
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