Tag: Copper Ore/Nickel Ore Mining
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‘Just 1% of the nation’s homes have changed hands this year,’ Redfin says
[ad_1] Amid mortgage rates near 7%, few homeowners in the U.S. are selling their homes. Out of every 1,000 homes in the U.S., only 14 changed hands over the first six months of this year, or 1.4%, according to data released Tuesday from real-estate brokerage Redfin RDFN, -3.83%. Before the pandemic in 2019, roughly 19…
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Only a tenth of mortgages have an interest rate above 6% — that’s a big problem for the U.S. housing market
[ad_1] Mortgage rates are inches away from 7% — but less than a tenth of U.S. homeowners have a home loan at that rate. In fact, only 9% of all existing mortgages in the U.S. were taken out with a rate of above 6%, according to data from the Federal Housing Finance Agency, and analyzed…
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Who do you blame for high house prices? Nearly half of young Americans point their finger at the government.
[ad_1] As the cost of owning a home has skyrocketed over the last few years, some Americans are venting their frustrations by blaming the government for high housing prices. Nearly 90% of Americans said it’s too expensive to purchase a home right now, according to a survey of 1,386 people in the U.S., aged 46…
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Mortgage rates tick up amid U.S. debt ceiling concerns
[ad_1] The numbers: A strong U.S. economy and concerns about a potential U.S. default on its debt pushed mortgage rates higher this week. The 30-year fixed-rate mortgage averaged 6.57% as of May 25, according to data released by Freddie Mac on Thursday. It’s up 18 basis points from the previous week — one basis point…
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Home buyers will now be able to put down 1% on their home, Rocket Mortgage says
[ad_1] Home buyers will be able to put as little as 1% down as payment for a home under a new program launched by Rocket Mortgage RKT, +1.59%. A new product by one of the biggest non-bank mortgage lenders in the U.S., called ONE+, will allow low and moderate-income aspiring homeowners to buy homes in…
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14 million mortgages were refinanced during the pandemic due to low rates.
[ad_1] The great pandemic mortgage refinance boom is most definitely over, but the aftershock is still rippling through the housing market. Homeowners are holding up home sales, as their ultra-low prize is too precious to give up. During the early days of coronavirus pandemic in 2020 and 2021, mortgage rates fell sharply, and millions of…
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Mortgage rates increase for the first time in over a month. Here’s why.
[ad_1] The numbers: U.S. mortgage rates rose for the first time in over a month in April, making homeownership more expensive for potential homeowners. The 30-year fixed-rate mortgage averaged 6.39% as of April 20, according to data released by Freddie Mac on Thursday. The 30-year rate rose after dropping for five straight weeks. It’s… [ad_2]…