Tag Archives: homeownership

For Mel Ligon and his wife, remnants of the 2008 housing crisis kept them from realizing major savings from refinancing their Chicago home during the pandemic refi boom. They had a deferred principal placed on their home during the Great Recession when they used a government program to refinance after their household income dropped by half. About a decade later, that prevented them from benefiting from the historically low mortgage rates. “Even when homes started to recover, we have this… Source link

Homeownership just got 5% cheaper as mortgage rates fall off a cliff U.S. mortgage rates fell sharply and for the second straight week as monetary policies meant to slow the economy take hold of the housing market. The rate on the popular 30-year fixed mortgage hasn’t fallen this much since December 2008, a new report shows. Though rates have been rising for most of this year, the recent dips provide a sliver of hope for buyers. Purchasing a home is now about 5% more affordable than it was a… Source link

Associated Press Scholar uses trash as treasure to study life in North Korea When the waves wash trash onto the beaches of front-line South Korean islands, Kang Dong Wan can often be found hunting for what he calls his “treasure” — rubbish from North Korea that provides a peek into a place that’s shut down to most outsiders. “This can be very important material because we can learn what products are manufactured in North Korea and what goods people use there,” Kang, 48, a… Source link