Unaffordable housing market is becoming even more expensive

Unaffordable housing market is becoming even more expensive as mortgage rates soar over 7%. An already miserably unaffordable housing market is getting more expensive. As mortgage rates top 7% — the highest they’ve been in 21 years according to Freddie Mac — home buyers face ballooning costs. Some housing experts are warning that rates could keep […]

Tips for Boomers Who May Have Retired Too Early

Tips for Boomers Who May Have Retired Too Early As a baby boomer who has opted for early retirement, you may be grappling with how to make your retirement funds stretch out over the years ahead. You’re wise to do so — especially if you’re not even 60 yet. 5 Cities Becoming Popular With Baby Boomers: Are […]

Choosing the Right Seniors Reverse Mortgage

Choosing the Right Seniors Reverse Mortgage : Tailoring Solutions for Seniors In the United States, the population of adults aged 65 and older stands at a staggering 54.1 million, a number that continues to grow with each passing year. As these individuals approach their golden years, financial stability becomes a paramount concern. Many seniors are […]

recession starting soon

U.S. leading indicators point to recession starting soon July 20 (Reuters) – An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims, marking the longest streak of decreases since the lead-up to the 2007-2009 recession. The […]

Self-Insureing for Future Long Term Care

People are using Reverse Mortgages as a way to kep loved ones at home versus nursing homes.

Self-Insureing for Future Long Term Care A recent column, “Should Federal Employees Self-Insure for Their Future Long Term Care,” discussed why some federal employees and retirees may want to consider self-insuring for their future long term care (LTC) costs. Some suggestions for self-insuring were made including an employee’s setting aside a portion of their Thrift […]

How to prepare for FHA appraisal requirements

How to prepare for FHA appraisal requirements Mortgage lenders require an appraisal of each home they extend financing for. This is to ensure they aren’t lending too much money for a place that isn’t worth it. An appraisal also comes into play if you’re a candidate for an FHA loan. If you plan to buy […]

Housing market not behaving the way it’s supposed to

Fmily Questons

Housing market not behaving the way it’s supposed to But after 10 rate hikes, the housing market — traditionally one of the most interest-rate-sensitive areas of the economy — is anything but predictable. “It’s creating a lot of confusion,” said Orphe Divounguy, a senior economist at Zillow. Mortgage rates have likely peaked — but home […]

What if mortgage interest rates stay high

What if mortgage interest rates stay high? Here’s what experts say buyers should do Buying a home can be challenging these days. Home prices remain high, and interest rates are up significantly compared to a few years ago. In fact, according to Freddie Mac, the average rate on 30-year loans is now creeping toward 7%. […]

How to prepare for an FHA appraisal

How to prepare for an FHA appraisal Mortgage lenders require an appraisal of each home they extend financing for. This is to ensure they aren’t lending too much money for a place that isn’t worth it. An appraisal also comes into play if you’re a candidate for an FHA loan. If you plan to buy […]

Not Taking Retirement Seriously Enough

Wealthy Americans Are Not Taking Retirement Seriously Enough Attention High Earners: You are Not Taking Retirement Seriously Enough Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While […]