Items Tagged with 'mortgage payments'

ARTICLES

  • OCC: Borrowers keep getting better at paying off their mortgages

    Percentage of current and performing mortgages continues to rise
    American homeowners are doing a fine job keeping up with their mortgage payments, a strong sign of a healthy, functioning economy. The latest report from the Office of the Comptroller of the Currency showed an improvement in the performance of first-lien mortgages in the federal banking system during the first quarter of 2019.
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  • It costs more to own a home than to rent one in every U.S. state

    Here's a breakdown of the price difference by state
    While previous articles have declared that the number of markets where it's cheaper to buy than to rent is decreasing, this one says it's plain non-existent. Using data from the U.S. Census Bureau's most recent American Community Survey, a CNBC article says homeowners spend more money per month than renters in every single state across the U.S.
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  • Monday Morning Cup of Coffee: Mortgage payments set to jump in 2019

    Interest rate increase could add to affordability problems facing homebuyers
    Rising rates could cause mortgage payments to increase up to 8.4% in 2019, adding to an already problematic affordability issue for homebuyers across the nation, according to the S&P Global Ratings’ latest housing market update. Plus, two celebrities settle with the SEC after not disclosing paid promotions involving an allegedly fraudulent initial coin offering.
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  • Your mortgage bill will cost you more in these cities

    Zillow study reveals declining affordability nationwide
    Home prices are rising, interest rates are climbing, and mortgage payments are putting a bigger dent in Americans' budget than in years past. A new study by Zillow revealed that a mortgage payment on the average U.S. home comprises 17.5% of the median income, climbing 2% from last year and reaching the highest level in nine years.
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  • Consumers, here's how you can save $45,000

    According to LendingTree, raising your credit score from fair to very good can save you thousands in cash
    According to a study by LendingTree, raising your credit score from "fair" to "very good" saves $45,283 on a common array of debts. That’s more than the 2016 median earnings in America ($31,334 before taxes).
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  • Zillow: Mortgage payments biggest financial burden since 2009

    San Jose is the most unaffordable U.S. city
    The share of median income needed for monthly mortgage payments on the median U.S. home increased to 17.1%, which is the largest share of income since 2009. Housing costs are taking up a larger share of income than they have historically, says one expert, making it very difficult for homebuyers.
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  • Black Knight: Delinquency rate rises for 2nd month to 4.9%

    But foreclosure starts are down 16.25% since September 2014
    Here's a “first look” at September 2015 month-end mortgage performance statistics derived from Black Knight Financial Services’ loan-level database representing the majority of the national mortgage market. According to the results, the national delinquency rate is the highest it has been since May of this year.
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