Page 7 - Ralph Mclaughlin News Today

Mortgages are getting more expensive and demand is still high. It could make it harder for millennials during their prime homebuying years.

Couple moving into new flat. Getty Images Mortgage rates reached the highest level since March 2020. Inflation will put pressure on mortgage rates

Today, first-time homebuyers in once-affordable markets have competition from all kinds of sources that didn’t exist a generation ago.

People walk by a sold sign in front of a house along the Erie Canal in Pittsford, New York, on Monday, Sept. 6, 2021. Ted Shaffrey/AP Photo After a

Jeff Ostrowski, Bankrate.com Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers as well. Today’s combination

Construction has rebounded, building permits are soaring, and prices for many kinds of house are falling. But there still just isn't much for sale.

If prices and inflation remain elevated, economists say, mortgage rates will rise.

Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar,

Zillow’s Zestimate tool is under scrutiny after the company announced that it was closing down its iBuyer business, Zillow Offers.

House prices are rising at a record pace but incomes aren’t keeping up, which is making home ownership less and less affordable.