Mortgage rates are on the decline, which could mean some housing markets are set to become much more affordable. New analysis from Realtor.com has revealed the metro areas where affordability for the average earner will improve the most if mortgage rates drop below a certain level. The average 30-year fixed rate mortgage has fallen to 6.46
By James Reinl, Social Affairs Correspondent, For Dailymail.Com Published: 15:32 EDT, 20 August 2024 | Updated: 15:39 EDT, 20 August 2024 Californians are reacting angrily to revelations that migrants who entered the US illegally could soon benefit from a taxpayer-funded state scheme to help hard-up residents buy homes. Democrats on the California Senate Appropriations Committee
Richard Masters has updated fans on the Premier League‘s investigation into Chelsea for potential financial breaches when Roman Abramovich was owner of the club. Russian-Israeli oligarch Abramovich, 57, owned the Blues between 2003 and 2022, until he was sanctioned by the UK government and disqualified as a director of the club by the top flight
The Texan city of Dallas has exploded into a financial boomtown with major corporations flocking to the southern city. The downtown skyline has changed dramatically in recent times with Goldman Sachs, Wells Fargo and Charles Schwab now commanding serious real estate in the city. Investors and financiers who moved to Dallas from the East and
ABC finance expert Alan Kohler says Australian home borrowers are a lot worse off than Americans largely due to policies enacted during the 1930s Great Depression. Australian borrowers have been hit with 13 interest rate rises since May 2022 and with inflation still on the high side, another rate rise is still a possibility. Monthly repayments
US stocks experienced an unexpectedly strong rally in the first half of the year, but the momentum may not last, according to the Wells Fargo Investment Institute (WFII). The S&P 500 index surged nearly 13 percent to reach 5,375 by mid-June which far exceeded, its previous record and WFII’s 2024 target range of between 4,600
With sky-high house prices and soaring mortgage rates, Americans who are eager to call a property their own have been priced out of buying a home. But a little-known tactic can help keep costs down and make ownership more affordable. By shopping around for an ‘assumable mortgage’, buyers can find a house with an existing
A former call center agent at MOHELA has claimed there was an ‘atrocious’ work environment at the student loan servicer, as it comes under fire for its handling of millions of borrower accounts. Speaking exclusively to DailyMail.com, the former employee said call center workers were given ‘abysmal’ training before they were tasked to speak to
A waterfront mansion in Boca Raton in Florida has sold for a record $40 million. But – despite only being built in the 1990s – the buyer plans to tear it down and build a new home in its place. It has two outdoor swimming pools and sits on 400 feet of water frontage on