Housing prices in major cities across the country could fall as a result of the pandemic. Drew Angerer / Getty Images The coronavirus pandemic has many Americans heading to the hills, or the suburbs, so to speak. And city home prices could decline as a result, says Nobel Prize-winning economist …
Read More »Mortgage rates reached a new all-time low before the weekend of July 4
Could average mortgage rates fall below 3%? If the recent trend continues, it is a clear possibility. The 30-year fixed-rate mortgage averaged 3.07% for the week ending July 2, six basis points less than the week before, Freddie Mac FMCC, + 1.59% reported Thursday. In comparison, these loans had an …
Read More »Mortgage rates remain constant at record lows, but can you really take advantage of them?
Mortgage rates held at record lows for the second straight week, which could present an opportunity for some homeowners to increase their emergency funds. The 30-year fixed-rate mortgage averaged 3.13% for the week ending June 25, unchanged from the previous week, Freddie Mac FMCC, + 0.47% reported Thursday. Comparatively, these …
Read More »Mortgage rates continue to drop to record lows, so now is a good time to refinance.
The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean that now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% It reported that mortgage rates hit a new record low for the fourth time this year, with the …
Read More »Coronavirus Hearing: Airlines must take extreme precautions to keep passengers safe
You may need to show up four hours before your next flight. During a hearing Tuesday before the House and Representatives Subcommittee on Space and Aeronautics, the experts outlined the challenges airlines will face in keeping their passengers and crew healthy, as they continue to fly amid the coronavirus pandemic. …
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