In the short term, two other factors are likely to influence mortgage rates, which have remained above 6.5% for 30-year loans since October. The first is President Donald Trump’s deal with China to lower tariffs between the two countries for 90 days. This could provide interim relief to homebuilders as tariffs on construction materials were
A reverse mortgage is a type of home loan for older homeowners who have significant equity in their property. Rather than making monthly mortgage payments to a lender every month to pay down your balance, the reverse mortgage lender sends you payments as you tap your home’s equity. It can be a good source of
It’s kind of a lot to live with a personal finance reporter like me. Everything is diversification and risk, prudent investing and delayed gratification. So it was not a surprise a few years ago when my wife started asking open-ended questions about what constitutes smart real estate decision-making as the planet warms and the weather