Assumable mortgages — or low-rate mortgages that home buyers can take over from home sellers — are making a comeback. The process can be challenging.
Category: Mortgages
The Great Compression
Thanks to soaring housing prices, the era of the 400-square-foot subdivision house is upon us.
After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
What Is the Basel III Endgame, and Why Are Banks So Upset About It?
Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry.
Bank of England’s Critics Multiply After Interest Rate Increase
Pressure is building in Britain for the bank’s governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem.
China’s Central Bank Cuts Loan Prime Rates
The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.
New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth
In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021.
When It’s Easy to Be a Landlord, No One Wants to Sell
Locked in at historically low interest rates. Platforms that make managing rentals a breeze. Homeowners have little incentive to put a house on the market.
Falling Mortgage Rates Bring Some Home Buyers Back to Market
Buyers are returning after being sidelined by a jump in borrowing costs, but experts say that the uncertain state of the economy is what will drive the market’s next moves.