Assumable mortgages, or home loans that pass on their mortgage rate from a home seller to a buyer, are considered an attractive option these days: They effectively allow buyers to inherit a far lower interest rate at a time when mortgage rates are higher than 7%. And while these loans are relatively hard to find
My husband and I can’t decide between selling our house or renting it out. We live in Northern California in an area that we don’t like. The house is cute, we have a 2.5% interest rate and $262,000 left on our mortgage. The Redfin estimate for our home right now is $550,000. We welcomed a
Two years on from Russia’s invasion of Ukraine and global finance firms are still feeling the impact of the fallout, with many still scrambling to untangle their businesses from the region. The outlook for international finance giants in Russia remains on a knife-edge, as the country continues to face a host of challenges. These range
A report on donor-advised funds issued Thursday morning from an independent, academic-led collaborative finds 54% of these philanthropic vehicles granted at least half of their assets to nonprofits within three years. It also found that half of all existing accounts are modest in size, with assets of US$50,000 or less. The findings from the Donor-Advised
Family offices are studying the investment opportunities presented by artificial intelligence, of course, but they are also excited about the potential AI offers for streamlining their operations and, for one day, supporting decision-making on investments and strategy. AI technology is expected soon to facilitate automation of several mundane but critical tasks for family offices, which
Indonesia will go the polls on Wednesday to elect a new president to replace Joko Widodo. The vote’s importance should not be underestimated. Covering 17,000 islands across South East Asia and Oceania — including Java and Sumatra — the republic has important geopolitical and global economic clout. With about 280 million inhabitants, encompassing an estimated
Central bankers rarely get an easy ride. They are always doing too much or too little, depending on your outlook. If there’s one man who has escaped that inferno without even a dusting of charcoal, it is Andy Haldane. That’s no mean feat — the former chief economist of the Bank of England spent 32
The Securities and Exchange Commission is set to impose new rules that would require many private funds to register with the agency as so-called dealers, a move that regulators say will help them better monitor a sometimes wobbly market for U.S. government debt. When firms that deal Treasury bonds register with the SEC “they become
Published: Feb. 6, 2024 at 6:25 a.m. ET Kwasi Kwarteng, who served as the U.K.’s finance minister during the mini-budget crisis which saw Britain’s pound drop to its lowest ever levels against the U.S. dollar, has said he will not stand for reelection as a member of parliament. The British politician, who had previously worked
The truth about investing: ‘Common sense’ can be the worst advice
In a recent article I offered the opinion that “common sense” is a dangerous trap that’s easy for investors to fall into. Some readers didn’t agree. So let’s explore this idea a bit, then you can make up your own mind. Common sense is a popular topic for authors. I have often recommended ”The Little Book of Common