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Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total #mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Read more at the #linkinbio or the link on screen.
1:02
Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total #mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Read more at the #linkinbio or the link on screen.
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AD | (Description: Briefly introduce the products or share your shopping experience.) Click the link in my bio or search for the code: kjt3246 in the TEMU app to get the same products now 📦FREE shipping and 90-day FREE returns!! #temu #temugermany #temudeutschland
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AD | (Description: Briefly introduce the products or share your shopping experience.) Click the link in my bio or search for the code: kjt3246 in the TEMU app to get the same products now 📦FREE shipping and 90-day FREE returns!! #temu #temugermany #temudeutschland
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Your most powerful wealth-building tool is your income. Invest $100 a month from age 25 to age 65 and you'll have $1,176,000. A hundred bucks a month. Nothing fancy, nothing complicated. So when you send a car company $500 a month for 40 years because car payments are normal, you're not driving a $40,000 car. You're driving a $5 million car.
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If you’re thinking of going on the property ladder in the current market, you need to check the data and numbers and factor them into your decision. Median home prices just rose to $500,000, and the median interest rate just hit 7.17%. This doesn't necessarily mean no one can own a house. It only means that homeownership, especially when it comes with locking yourself into a 30-year mortgage, has to be clearly thought through. The numbers don’t lie. #financialliteracy #investing #moneytips #mort
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