Two-thirds Of Americans With Mortgages Pay 5% Interest Or Higher

Mortgage Rate

Record-low interest rates are out of reach for many homeowners, and a big reason is that millions are underwater. Obama and others are trying to assist them.U.S. interest rates are at rock-bottom levels, but that's not helping most Americans with mortgages. And those high-cost loans remain a big drag on the economy, experts say.

RELATED ARTICLES
BING NEWS:
  • Understanding Interest-Only Mortgages
    See how we rate mortgages to write unbiased product reviews ... the option to sign up for a type of balloon mortgage. You'll make interest-only payments for the first few years, then pay the entire ...
    10/31/2024 - 5:25 pm | View Link
  • Americans still want to be homeowners, climate change and all
    For now, plenty of Americans seem to want to give it a go. Despite all the headwinds stacked against it, the U.S. homeownership rate was basically unchanged in the third quarter, the Census Bureau ...
    10/29/2024 - 8:38 am | View Link
  • 4% Mortgage Rates Could Unlock the Housing Market for Most Americans, CNET Survey Finds
    The Federal Reserve is set to make its second interest rate cut in November, but mortgage rates are still over 6%.
    10/29/2024 - 4:32 am | View Link
  • Gen X, millennials pay more for their mortgages
    Experian looks at the differences between mortgage rates among generational groups and what it means for future homeowners.
    10/25/2024 - 3:14 am | View Link
  • What Is an Interest-Only Mortgage?
    For those with intermittent cash flow, interest-only mortgages provide one solution to this problem, allowing borrowers to pay just the interest on their loan for a set period of time – typically up ...
    10/23/2024 - 6:27 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News