Homebuyers who took out mortgages in the past few years may have expected rates to fall by now to refinance. Instead, mortgage rates are climbing higher again.
The global sell-off in the bond market is hitting the housing market, with US mortgage rates surging to their highest level of the year. That’s putting fresh pressure on home shoppers and homeowners hoping to refinance.
After years of backlash against Wall Street landlords, the federal government is taking its first step to limit large investors’ ownership of single-family homes.
The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation.
A landmark housing affordability bill is headed to President Donald Trump’s desk after winning overwhelming support in Congress this week, setting the stage for the most sweeping federal housing package in a generation.
For years, many first-time buyers saw fixer-uppers as one of the few affordable ways into homeownership: buy a cheaper house, renovate it over time, and build equity along the way.
