With the announcement of the major party tickets, voters are paying close attention to the personal finance policies proposed by the candidates. Vice President Kamala Harris has teamed up with Minnesota Gov. Tim Walz, while former President Donald Trump has selected Sen. JD Vance of Ohio as his running mate. Both pairs are engaging in
Real Estate
The recent drop in mortgage interest rates to the lowest level since May 2023 has led to a surge in mortgage demand from both homebuyers and current homeowners. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume rose 6.9% last week compared to the previous week, reaching its highest level since
Recent developments in the UK’s financial sector have brought some relief to homeowners across the country. Following the Bank of England’s decision to lower its Bank Rate to 5%, major lenders such as HSBC, Santander, and Nationwide have started to slash their mortgage rates. This move signals a potential easing of financial pressure on households,
Vice President Kamala Harris has made it clear that building up the middle class will be a top priority during her presidency. She believes that a strong middle class is essential for a strong America and that families need relief from the high cost of living to not just get by but to get ahead.
Recent data from the Mortgage Bankers Association suggests that home affordability has slightly improved for buyers this summer. The report indicates that the median new mortgage payment in June was $2,167, reflecting a 2.4% decline from May. This improvement in affordability can be attributed to a decrease in the index that measures how new monthly
Consumers preparing to renew their homeowners insurance policy may experience some unexpected sticker shock. Between May 2022 and May 2023, home insurance prices rose an average of 21% at renewal time, according to Policygenius. A rise in catastrophic severe weather events contributed to this jump, experts say, and the rate of price increases is not
Living in a major city can be a dream for many people, but it comes with a hefty price tag. According to data by Numbeo, the monthly rent in Shanghai’s city-center costs approximately $2,700. This high cost of living is not limited to Shanghai, as major cities in Asia like Hong Kong and Singapore also
Vice President Kamala Harris has been a vocal supporter of affordable housing throughout her career, with a strong commitment to protecting homeowners and renters from unfair practices. As she prepares to potentially become the Democratic nominee for president, it is important to analyze her housing policies and how they align with those of President Joe
Recent data shows that mortgage interest rates have seen a slight decrease, with the average contract interest rate for 30-year fixed-rate mortgages dropping to 6.82%. Despite this small decrease, potential homebuyers are still hesitating to make a move. Applications for mortgage loans to purchase homes have decreased by 4% compared to the previous week, with
The real estate market saw a significant decline in the sales of previously owned homes in June, with a 5.4% drop compared to May. This slow sales pace, the slowest since December, was influenced by the increase in the average rate on the 30-year fixed mortgage, which reached above 7% in April and May. This