mortgages

There are economic figures that seem abstract until they hit your wallet. A mortgage rate of more than 7% is one of them. The average rate for a 30-year fixed-rate mortgage rose to 7.28% on October 1 in the United States, compared to 6.30% a year earlier, according to...

Recently I learned when listening to National Public Radio (NPR) that a very large financial firm had bought 80,000 single family dwellings (Atlantic Coast locations) which were being rented to occupants who experienced a periodic increase in rental rates. The consequence was that there were not many single-family dwellings...