News on this topic
Profile picture of Star Tribune
Real estate investors sold Somali families on a fast track to homeownership in Minnesota. The buyers risk losing everything.
startribune.com/how-contracts-for-deed-put-somali-families-at-financial-risk-minnesota/600228439/
Real estate investors sold Somali families on a fast track to ...
More news on this subject
Profile picture of Star Tribune
Real estate investors sold Somali families on a fast track to homeownership in Minnesota. The buyers risk losing everything.
startribune.com/how-contracts-for-deed-put-somali-families-at-financial-risk-minnesota/600228439/
Real estate investors sold Somali families on a fast track to ...
Profile picture of Reuters
Somali pirates say hijacked ship MV Abdullah released after $5 million ransom was paid
reuters.com/world/africa/somali-pirates-say-they-hijacked-ship-mv-abdullah-released-after-5-million-2024-04-14/
Somali pirates say hijacked ship MV Abdullah released after $5 million ...
Profile picture of The Hill (newspaper)
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Mortgage rates top 7 percent for first time in 2024
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
  • US mortgage rates have surged above 7%, increasing costs for homebuyers.

  • The rise in mortgage rates impacts monthly costs, limiting purchasing power.

  • Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.

  • Experts anticipate a moderate easing of mortgage rates later in the year.
Profile picture of Khaleej Times
Ship seized by Somali pirates arrives in UAE; all 23 sailors sound physically, mentally - News | Khaleej Times
khaleejtimes.com/uae/ship-seized-by-somali-pirates-arrives-in-uae-all-23-sailors-sound-physically-mentally
Ship seized by Somali pirates arrives in UAE; all 23 sailors sound ...
Profile picture of Daily Mirror
Taxi driver won lottery six weeks ago – but hasn't seen a penny due to new rule: Ray Laird from Bootle, Merseyside, has been playing the National Lottery for 30 ...
mirror.co.uk/news/uk-news/i-won-national-lottery-six-32571231
Taxi driver won lottery six weeks ago – but hasn't seen a penny due to new ...
Profile picture of CNET
Today’s American Dream Is Renting, Not Buying. This Expert Agrees: Some people rent because they can't afford to buy a home. Others do it simply because ...
cnet.com/personal-finance/mortgages/advice/todays-american-dream-is-renting-not-buying-this-expert-agrees/
Today’s American Dream Is Renting, Not Buying. This Expert Agrees
Profile picture of The New York Times
U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Profile picture of The Gazette
Hannah Stuelke ‘definitely a difference-maker’ in Iowa’s win over UConn: Cedar Rapids native scores 11 of her game-high 23 points in the third quarter ...
thegazette.com/iowa-basketball/hannah-stuelke-definitely-a-difference-maker-in-iowas-win-over-uconn/
Hannah Stuelke ‘definitely a difference-maker’ in Iowa’s win over UConn
Profile picture of BBC News
First-time buyers face toughest test for 70 years, lenders say: First-time buyers depend on two high incomes or parental support, the Building Societies ...
bbc.com/news/articles/c87zgx42m5go
First-time buyers face toughest test for 70 years, lenders say
Profile picture of Africanews
Bangladeshi ship seized off Somali coast is freed after more than a month | Africanews
africanews.com/2024/04/16/bangladeshi-ship-seized-off-somali-coast-is-freed-after-more-than-a-month/
Bangladeshi ship seized off Somali coast is freed after more than a month ...
Profile picture of The Wall Street Journal
The Hidden Costs of Homeownership Are Skyrocketing: Rising insurance premiums, property taxes and maintenance costs show little sign of abating ...
wsj.com/economy/housing/housing-affordability-taxes-insurance-costs-rise-bca64df1
The Hidden Costs of Homeownership Are Skyrocketing
Profile picture of Reuters
The best time to sell your home in the US is now: If you are selling a home in the U.S., you may wonder when to put it on the market and get the best price.
reuters.com/markets/us/best-time-sell-your-home-us-is-now-2024-04-15/
The best time to sell your home in the US is now
Profile picture of The Seattle Times
U.S. housing market paralyzed by lock-in effect | Analysis: For homeowners not looking to move anytime soon, the low rates they secured will benefit them for ...
nytimes.com/2024/04/15/upshot/mortgage-rates-homes-stuck.html
U.S. housing market paralyzed by lock-in effect | Analysis
Profile picture of The Hill (newspaper)
Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
Mortgage rates hit highest level since November after hot inflation report
Profile picture of CNA
Quick Glance: Homeowners Face Prolonged High Mortgage Rates Amid Market Challenges
  • Currently, mortgage rates can be above 4 percent. An anticipated rate decrease is now expected by the end of next year.

  • Observers noted a trend of homeowners transitioning to fixed mortgage rates due to a high interest rate environment.

  • Real estate agents highlighted challenges in finding tenants with an oversupply of apartments in the market.

  • Analysts suggested that homeowners may need to endure longer periods of high mortgage rates before seeing significant declines.
Profile picture of Sky News
Money latest: Four big lenders hike mortgage rates amid interest rate uncertainty
news.sky.com/story/money-latest-consumer-personal-finance-mortgages-13040934
Money latest: Four big lenders hike mortgage rates amid interest rate ...
Profile picture of Axios (website)
Renting vs buying: More renters say homeownership is out of reach, Redfin reports
axios.com/2024/04/12/rent-mortgage-housing-affordablity-report-redfin
Renting vs buying: More renters say homeownership is out of reach ...
Profile picture of The Age
No mortgage? No worries: Melbourne property buyers pay cash instead: Some investors have been deterred by higher taxes, but others are snapping up properties in ...
theage.com.au/property/news/no-mortgage-no-worries-melbourne-property-buyers-pay-cash-instead-20240325-p5ff3t.html
No mortgage? No worries: Melbourne property buyers pay cash instead
Profile picture of El País
Red Sea crisis drives Somali pirates into the Indian Ocean: Ship boardings have risen since November due to disrupted maritime traffic from Houthi attacks off ...
english.elpais.com/international/2024-04-11/red-sea-crisis-drives-somali-pirates-into-the-indian-ocean.html
Red Sea crisis drives Somali pirates into the Indian Ocean
Profile picture of Insider (news website)
Home prices to jump 5% as housing market looks tighter than in 2023: economist: The housing market looks even tighter than it did in 2023 as the demand for homes ...
businessinsider.com/home-price-forecast-housing-market-outlook-mortgage-rate-lock-inventory-2024-4
Home prices to jump 5% as housing market looks tighter than in 2023: ...
Profile picture of Prothom Alo English
The reasons behind release of MV Abdullah in relatively short time: Piracy off the coast of Somalia peaked between 2009 and 2012. The piracy came down to zero ...
en.prothomalo.com/bangladesh/eezxzko56i
The reasons behind release of MV Abdullah in relatively short time
Profile picture of The Birmingham News
Tagovailoa brothers are ‘dreammates’ in NFL Draft ad: Taulia Tagovailoa is hoping to join his older brother in the pros.
al.com/sports/2024/04/tagovailoa-brothers-are-dreammates-in-nfl-draft-ad.html
Tagovailoa brothers are ‘dreammates’ in NFL Draft ad
Profile picture of MarketWatch
I got a loan modification and ended up with a 52-year mortgage. Is this normal? : ‘I found out last year, after talking to a few people who have also done a ...
marketwatch.com/story/i-couldnt-pay-my-370-000-mortgage-so-i-applied-for-a-loan-modification-now-i-have-a-52-year-loan-is-this-normal-0dd5efb5
I got a loan modification and ended up with a 52-year mortgage ...
Profile picture of Sky News
Liz Truss has acknowledged she and her government lost the confidence of financial markets following the mini-budget of October 2022 – but has refused to ... Show more
23:11
Profile picture of The Sydney Morning Herald
Should we use savings to pay down mortgage or invest in shares?: Once you get to the point where your mortgage isn’t weighing you down, you can explore other ...
smh.com.au/money/borrowing/should-we-use-savings-to-pay-down-mortgage-or-invest-in-shares-20240416-p5fk5p.html
Should we use savings to pay down mortgage or invest in shares?
Profile picture of Uganda
AU assessment report delays plan for Somalia’s post-Atmis force: A new force is required in the troubled country to preserve the against that have been made ...
monitor.co.ug/uganda/news/au-report-delays-plan-for-somalia-s-post-atmis-force-4590372
AU assessment report delays plan for Somalia’s post-Atmis force
Profile picture of The Gazette
Photos: South Carolina and Iowa media day ahead of 2024 NCAA women’s basketball championship game
thegazette.com/photos/photos-south-carolina-and-iowa-media-day-ahead-of-ncaa-championship-game/
Photos: South Carolina and Iowa media day ahead of 2024 NCAA women’s ...
Profile picture of The New York Times
Picking a Jury to Try Trump, and What’s Next for Iran and Israel: Plus, the mortgages keeping people stuck in their homes.
nytimes.com/2024/04/15/podcasts/trump-trial-mortgage.html
Picking a Jury to Try Trump, and What’s Next for Iran and Israel
Profile picture of Kiplinger
What to Expect in a Gray Divorce (and Three Steps to Prepare): Legal costs, how assets are divided, and other expenses can be eyebrow-raising ...
kiplinger.com/retirement/what-to-expect-in-a-gray-divorce-and-how-to-prepare
What to Expect in a Gray Divorce (and Three Steps to Prepare)
Profile picture of ABC News
Average long-term US mortgage rate rises modestly this week, holding just below 7%
abcnews.go.com/Business/wireStory/average-long-term-us-mortgage-rate-rises-modestly-108855060
Average long-term US mortgage rate rises modestly this week ...
Profile picture of North Wales Live
Taxi driver still hasn't received lottery winnings after six weeks: Ray Laird, who has been driving taxis for 50 years, is frustrated as he waits for an £800 ...
dailypost.co.uk/news/north-wales-news/taxi-driver-still-hasnt-received-28981835
Taxi driver still hasn't received lottery winnings after six weeks
Profile picture of The New York Times
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up: On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
nyti.ms/3Q2xnlA
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
Profile picture of thedailystar.net
BNP more dangerous than Somali pirates: Foreign Minister: Foreign Minister and Awami League Joint General Secretary Hasan Mahmud said BNP party members are more ...
thedailystar.net/news/bangladesh/diplomacy/news/bnp-more-dangerous-somali-pirates-foreign-minister-3586956
BNP more dangerous than Somali pirates: Foreign Minister
Profile picture of Star Tribune
To get a house for under $100K, consider a manufactured home: Formerly called mobile homes, this type of dwelling becomes a good bet for prospective buyers ...
startribune.com/mobile-home-manufactured-housing-trailer-double-single-wide/600357163/
To get a house for under $100K, consider a manufactured home
Profile picture of BBC News
UK house prices fall for first time in six months: Prices fell in March with higher mortgage rates affecting affordability, the Halifax says
bbc.com/news/articles/cz9zle1973xo
UK house prices fall for first time in six months
Profile picture of The Detroit News
Mary J. Blige, Cher, Ozzy Osbourne, A Tribe Called Quest and Foreigner get into Rock Hall
detroitnews.com/story/entertainment/music/2024/04/21/rock-and-roll-hall-of-fame-induction-2024/73407610007/
Mary J. Blige, Cher, Ozzy Osbourne, A Tribe Called Quest and Foreigner get ...
Quick Glance: Rock and Roll Hall of Fame 2024: New Class with Cher, Ozzy Osbourne, and More
  • The Rock & Roll Hall of Fame has unveiled artists like Mary J. Blige, Cher, Dave Matthews Band, Foreigner, Peter Frampton, Kool & The Gang, Ozzy Osbourne, and A Tribe Called Quest in the Performer category for the Class of 2024.

  • Among the honorees are Jimmy Buffett, MC5, Dionne Warwick, and Norman Whitfield, receiving the Musical Excellence Award. The Musical Influence Award will be presented to Alexis Korner, John Mayall, and Big Mama Thornton. Suzanne de Passe will be honored with the Ahmet Ertegun Award.

  • The induction ceremony is set for October 19 at the Rocket Mortgage Fieldhouse in Cleveland, Ohio. It will be broadcasted live on Disney+. An edited version will air on ABC at a later time and will be available on Hulu the following day.

  • Artists like Cher and Ozzy Osbourne are being celebrated for their impact on music and culture. The induction ceremony provides bands like the Dave Matthews Band and A Tribe Called Quest with the opportunity to reunite and celebrate past achievements.
Profile picture of The Hill (newspaper)
Could Dutch-style mortgages work in the US?: Dutch-style mortgages recently arrived in the U.K., but it could be a while before they come to the U.S.
newsnationnow.com/business/your-money/dutch-style-mortgages-us/
Could Dutch-style mortgages work in the US?
Profile picture of New York Post
'Sopranos' star Drea de Matteo told son he wouldn't have nice 's - - t' if she didn’t 'show my ass' on OnlyFans
nypost.com/2024/04/04/entertainment/sopranos-star-drea-de-matteo-told-son-he-wouldnt-have-nice-st-if-she-didnt-show-my-a-on-onlyfans/
'Sopranos' star Drea de Matteo told son he wouldn't have nice 's - - t' if ...
Profile picture of Lexington Herald-Leader
Dave Ramsey explains how your mortgage is key to early retirement
kentucky.com/news/business/article287887730.html
Dave Ramsey explains how your mortgage is key to early retirement
Profile picture of Financialexpress
HDFC Bank net profit up 37% at Rs 16,512 crore: The numbers are not strictly comparable on a year-on-year basis as a result of the merger of HDFC Bank with ...
financialexpress.com/business/industry-hdfc-bank-net-profit-up-37-at-rs-16512-crore-3463367/
HDFC Bank net profit up 37% at Rs 16,512 crore
Profile picture of Daily Sabah
Türkiye aims to drill for oil off Somali coast next year: Türkiye hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025 ...
dailysabah.com/business/energy/turkiye-aims-to-drill-for-oil-off-somali-coast-next-year
Türkiye aims to drill for oil off Somali coast next year
Profile picture of Quartz
Luxury home prices hit a record in 2024 as half of wealthy buyers pay in cash: Upscale homes prices rose 9% in the first quarter of the year
qz.com/luxury-homes-price-record-1851427431
Luxury home prices hit a record in 2024 as half of wealthy buyers pay in ...
Profile picture of Yorkshire Evening Post
Profile picture of Manchester Evening News
First-time buyers 'win' but homeowners face 'shaky' times amid inflation drop: Property experts have weighed in after the UK inflation rate has dropped to 3 ...
manchestereveningnews.co.uk/news/property/falling-inflation-win-first-time-29010886
First-time buyers 'win' but homeowners face 'shaky' times amid inflation ...
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Profile picture of inews.co.uk
‘It’s been hell’: One homeowner’s battle to sell her flat with cladding: Stacey Greenfield cannot sell her flat as she is still awaiting remediation work on the ...
inews.co.uk/inews-lifestyle/money/property-and-mortgages/homeowner-battle-sell-cladding-flat-3013807
‘It’s been hell’: One homeowner’s battle to sell her flat with cladding
Profile picture of The Local
Today in Norway: A roundup of the latest news on Tuesday: Southern Norway braces for highest electricity prices of the year, Sbanken announces mortgage interest ...
thelocal.no/20240423/today-in-norway-a-roundup-of-the-latest-news-on-tuesday-146
Today in Norway: A roundup of the latest news on Tuesday
Profile picture of MarketWatch
We bought a house with a 6.6% mortgage rate. Should we sell our rental property?: ‘The way I look at it, paying the mortgage off now would give us a guaranteed 6 ...
marketwatch.com/story/my-wife-and-i-bought-a-vacation-home-with-a-6-6-mortgage-rate-should-we-sell-our-rental-property-to-pay-it-off-6bf6283a
We bought a house with a 6.6% mortgage rate. Should we sell our rental ...
Profile picture of Premium Times
Living Trust Mortgage Bank appoints chairman nominated by Osun govt: The announcement lays to rest the conflict between the top two shareholders of the company ...
premiumtimesng.com/regional/ssouth-west/687779-living-trust-mortgage-bank-appoints-chairman-nominated-by-osun-govt.html
Living Trust Mortgage Bank appoints chairman nominated by Osun govt
Profile picture of The Boston Globe
Home loans in demand despite mortgage rates above 7 percent: Despite sky-high mortgage rates, demand for home loans may be increasing in Greater Boston.
bostonglobe.com/2024/04/22/business/mortgage-rates-home-buyers-loans/
Home loans in demand despite mortgage rates above 7 percent
Profile picture of inews.co.uk
Is Liz Truss not to blame for high mortgages? Claims fact-checked: Liz Truss has refused to take the blame for higher mortgage rates that hit homeowners ...
inews.co.uk/news/liz-truss-high-mortgages-fact-check-3017819
Is Liz Truss not to blame for high mortgages? Claims fact-checked
Profile picture of Yorkshire Post
Why now could be the best time to buy and sell a home: Average new seller asking prices have risen by 1.1% this month, according to the latest Rightmove data ...
yorkshirepost.co.uk/lifestyle/homes-and-gardens/why-now-could-be-the-best-time-to-buy-and-sell-a-home-4599941
Why now could be the best time to buy and sell a home
Profile picture of Ad Age
Zillow acknowledges the current challenges of buying a home in a new campaign: Buying a home in 2024 is nothing short of a mission. With inventory shortages ...
adage.com/creativity/work/zillow-acknowledges-current-challenges-buying-home-its-new-campaign/2554296
Zillow acknowledges the current challenges of buying a home in a new ...
Profile picture of Euronews
Low-income Europeans facing hard times over housing cost struggle: ECB research shows that more than one-fourth of low-income households expect late payments on ...
euronews.com/business/2024/04/22/low-income-europeans-face-hard-times-in-housing-cost-struggle
Low-income Europeans facing hard times over housing cost struggle
Profile picture of MarketWatch
‘Should I live under a bridge?’ I get $5,600 a month in Social Security and retirement income, but my property taxes will soon be $20,000. Who can help?
marketwatch.com/picks/should-i-live-under-a-bridge-i-get-5-600-a-month-in-social-security-retirement-income-but-my-property-taxes-will-soon-be-20-000-who-can-help-92dee1d9
‘Should I live under a bridge?’ I get $5,600 a month in Social Security ...
Profile picture of Money
The Cost of Buying a House Reaches a New Record High: The cost of buying a home hit a new record high thanks to rising house prices and mortgage rates ...
money.com/cost-of-buying-house-record-high/
The Cost of Buying a House Reaches a New Record High
Profile picture of San Francisco Chronicle
Mortgage rate map: ‘Lock-in effect’ more dramatic in SF Bay Area: Here’s the average mortgage rate among San Francisco Bay Area homeowners now — and how it ...
sfchronicle.com/projects/2024/mortgage-rates-map-bay-area/
Mortgage rate map: ‘Lock-in effect’ more dramatic in SF Bay Area
Profile picture of The Nassau Guardian
Central Bank praised for relaxed mortgage lending rules: The managing director of Scotiabank Bahamas Ltd. has praised The Central Bank of The Bahamas (COB) for ...
thenassauguardian.com/business/central-bank-praised-for-relaxed-mortgage-lending-rules/article_117c0eec-0036-11ef-a8c5-8f8818886c70.html
Central Bank praised for relaxed mortgage lending rules
Profile picture of The Punch
Govt mulls commercialisation of FMBN: xcerpt Nigerian government plans to commercialise the Federal Mortgage Bank as part of efforts to enhance housing delivery ...
punchng.com/govt-mulls-commercialisation-of-fmbn/
Govt mulls commercialisation of FMBN
Profile picture of The Punch
Rising interest rates affecting housing delivery – IMF: The International Monetary Fund has stated that central banks’ decision to hike interest rates to curb ...
punchng.com/rising-interest-rates-affecting-housing-delivery-imf/
Rising interest rates affecting housing delivery – IMF
Profile picture of Insider (news website)
10 real estate charts showing what's next for housing: Ivy Zelman: After warning about the housing market bubble before 2008, Ivy Zelman shared what's happening ...
businessinsider.com/real-estate-housing-market-outlook-predictions-home-prices-ivy-zelman-2024-4
10 real estate charts showing what's next for housing: Ivy Zelman
Profile picture of The Washington Post
Which comes first: the sale or the purchase?: The decision on whether to buy or sell first is never simple.
washingtonpost.com/business/2024/04/21/should-you-buy-or-sell-a-house-first/
Which comes first: the sale or the purchase?
Profile picture of Irish Independent
Would you get a 35-year home loan? The real cost of marathon mortgages : Back in the year 2000, the typical mortgage taken out by Irish first-time buyers lasted ...
independent.ie/business/personal-finance/would-you-get-a-35-year-home-loan-the-real-cost-of-marathon-mortgages/a1712560552.html
Would you get a 35-year home loan? The real cost of marathon mortgages
Profile picture of Insider (news website)
How mounting US debt could trigger the next financial crisis: The US debt is skyrocketing to levels not seen since World War II. Here's how this looming ...
businessinsider.com/debt-crisis-us-economy-federal-reserve-mortgages-credit-bubble-2024-4
How mounting US debt could trigger the next financial crisis
Profile picture of The Wall Street Journal
These Home Sellers Are Done Waiting for the Fed to Lower Rates: Some owners need to upsize, downsize and change jobs, even if mortgage rates don’t fall soon.
on.wsj.com/3UpfAYy
These Home Sellers Are Done Waiting for the Fed to Lower Rates
Profile picture of My London
'I went to the "best Somali" café people travel from Cambridge to visit'
mylondon.news/whats-on/food-drink-news/i-went-londons-best-somali-29013126
'I went to the "best Somali" café people travel from Cambridge ...
Profile picture of Insider (news website)
Millennial buys duplex as first home, rental income helps pay mortgage: Dominique Raroha bought a duplex for her first home instead of a traditional apartment or ...
businessinsider.com/millennial-buys-duplex-first-home-rental-income-helps-pay-mortgage-2024-4
Millennial buys duplex as first home, rental income helps pay mortgage