Putting Celebrity Finance in the Spotlight
Rates crossed the 4 percent threshold in the week of January 11 and they have been on a relatively steady rise since then. If this pace continues, we may hit 5 percent before the year is out.
Should rising interest rates deter you from buying a home? Not necessarily, but it may cause you to re-think your definition of an affordable home.
[Read more…]
In this market, you’ll need two important things to land your dream home – more money and a higher credit score.
Data from the Joint Center for Housing Studies (JCHS) at Harvard University highlight the credit score issue.
According to the 2017 JCHS study, “The State of the Nation’s Housing – 2017,” the median credit score for successful mortgage loan applications increased from a FICO score of 700 in 2005 to 732 in 2016.
Lenders are still conservative in their risk assessments – aided in part by regulations put in place during the housing crisis.
[Read more…]
The problem is acute in the market for starter homes and critical in high-value markets like San Jose, Seattle, and Austin.
Desperate homeowners are stretching their finances to buy a home, and lenders and mortgage backers are increasingly willing to accommodate them.
[Read more…]
Why do millennials live with their parents more than any other generation does?
It’s logical that younger generations are more likely to live with their parents in a non-caretaker capacity, even in the best of times.
Millennials suffered the added indignity of coming of age during one of the worst recessions in history while dealing with prohibitive student loan debt.
[Read more…]
Wondering how your wealth stacks up to the biggest celebs? Put it to the test with this fun calculator! See if you can outshine Brad Pitt or Jay-Z and find out just who's really rolling in dough. Apples vs oranges never sounded so exciting!
