Saving for a First Home Now Takes 16 Years, Twice as Long as in 2019
A first home can feel close when you have a savings goal and a steady plan. But the time it takes to reach that goal depends on more than how much you set aside. If home prices rise faster than incomes, while rent takes up a large share of earnings, the finish line can move […]
Fed Chair Warsh Just Changed the Mortgage Math: What Homebuyers Should Do Before September’s Meeting
Fed Chair Kevin Warsh did not directly change mortgage rates. The Federal Reserve does not set the rate quoted on a 30-year home loan. But his first Jackson Hole speech changed what markets expect the Fed may do next. That matters because mortgage lenders price loans based largely on longer-term bond yields, inflation expectations, and […]