Everyone knows that high mortgage rates have been a total drag lately, especially for potential buyers facing sky-high asking prices. But what if I told you that almost half of those who recently purchased a home still have an interest rate below 5%? This seems quite unlikely, given that the 30-year fixed rate returned above … Read more
If you recall, Chase took over the struggling First Republic Bank in May 2023. Before the fall of the First Republic, they were the leading giant real estate lender in the United States. They were aimed at very wealthy homeowners and businessmen. And it was ironically their ultra-low rate mortgages that ultimately brought them down. … Read more
Personal loans can be the most helpful financial solution for anyone who needs extra funds for a large purchase, family event, or unforeseen emergency. But let’s say you’re planning a wedding and find a great loan offer, only to find out later that your interest is higher than expected. So how can you make sure … Read more
The National Association of Realtors (NAR) reported that the share of first-time home buyers has fallen to an all-time low of just 24%. This figure is down from 32% recorded a year earlier, based on transactions carried out between July 2023 and June 2024. At the same time, the typical age of a home buyer … Read more
It’s no secret that almost everyone thinks mortgage rates will be higher under President Trump. But as has been announced this time, we have seen a very defensive bond market in the run-up to the election. Many argued that his election victory was already priced into the bond market. After all, the 10-year yield has … Read more
As you explore available loan options, you’ll likely come across two common interest types: fixed interest rate and discounted interest rate. These terms may seem technical, but understanding the difference between them can help you choose a loan that truly fits your needs and financial situation. At first glance, the two types of interest may … Read more
I sometimes wonder, with so little equity extracted this cycle, if the real estate market is still in its infancy. At least as far as the next collapse is concerned. Of course, housing sales volume has fallen due to unaffordable conditions, driven by high house prices and significantly higher mortgage rates. But do we still … Read more
Personal loans are rapidly gaining traction in Pakistan’s financial landscape. As the country’s banking sector has evolved, the demand for customized financial solutions has grown, and personal loans are at the forefront of this shift. Unlike conventional loans that offer standard terms, personal loans are tailored to the specific needs of the individual, making them … Read more
In 2024, the Indian government will take significant steps to simplify access to education loans, including the launch of the Jan Samarth portal. This platform will be a game changer for students seeking financial assistance to achieve their academic dreams. As the cost of higher education continues to rise in India and abroad, education loans … Read more
Delinquent Multifamily Loans are Becoming a Problem for Banks: A few issues come up in the intricate world of banking and finance, and they need to be addressed with thoughtful answers. The growth in overdue multifamily loans is one such issue that the banking industry is now facing. With the rise in default rates, banks … Read more