Chris Arnold

Chris Arnold appears in the following:

Homebuyers are losing big deposits because of rising mortgage rates

Wednesday, November 23, 2022

Before mortgage rates rose, many people put down big deposits to buy houses that weren't built yet. Now rates have gone from 3% to 7% and they can't afford to buy the homes they agreed to buy.

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FTX investors fear they lost everything, and wonder if there's anything they can do

Friday, November 18, 2022

More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. Some had big chunks of their life savings disappear into a black hole.

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FTX investors are unable to access their money, shaking crypto investors' confidence

Thursday, November 17, 2022

The collapse of FTX, one of the most prominent platforms for crypto exchange, left investors unable to access their money. And it's shaking crypto investors' confidence more broadly.

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Some homebuyers lose deposits of $10,000, $20,000, or more due to high mortgage rates

Wednesday, November 16, 2022

There's a high-stakes tug of war over new homes. Many people who signed contracts before houses were built now are scared to buy them. Builders don't want them to back out and are keeping deposits.

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Have you invested in crypto on FTX or other platforms? We want to hear from you

Monday, November 14, 2022

A prominent cryptocurrency trading platform, FTX, has collapsed cutting off investors from their holdings. If you've invested in crypto, NPR wants to hear your story.

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How rising interest rates affect your day to day

Friday, November 04, 2022

The fed raised interest rates again this week by 3/4 of a percent, and mortgage rates have seen their biggest jump in 40 years. Borrowing on credit cards, and car loans is also going up.

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Mortgage rates are now above 7% on average nationally

Thursday, October 27, 2022

It's harder to afford a home than it's been in decades as a steep run-up in prices, both during the pandemic and interest rates now, hit buyers from both sides.

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Buying a home gets even harder as mortgage rates top 7%

Thursday, October 27, 2022

It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.

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The frenzied housing market has hit a serious speed bump

Friday, October 21, 2022

September's existing home sales dropped 24% from a year ago — to the lowest level in a decade. Prices fell too. Higher mortgage rates have thrown cold water on the once hot market.

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Appeals court says financial watchdog agency CFPB's structure is unconstitutional

Wednesday, October 19, 2022

Three federal appeals court judges appointed by President Trump have ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional.

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When stocks are down, bonds hold steady or go up. So why are bonds down?

Friday, October 14, 2022

The U.S. stock market is down this year. When that happens, bonds typically go up. But right now, both stocks and bonds are down.

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With mortgage rates near 7%, the housing party is over. Now it's hangover time

Wednesday, October 12, 2022

The highest rates in 20 years are dashing the dreams of some would-be homebuyers. Others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.

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As mortgage rates rise, some people are giving up on owning a home

Wednesday, October 12, 2022

Mortgage rates are up near 7%. That's adding nearly $1,000 a month to the mortgage payment for a typical house, sending home ownership beyond reach for more and more Americans.

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Mortgage rates are up, sales of homes are down

Thursday, October 06, 2022

The current percentage rate for the average home loan is nearly 7%. These mortgage rates continue to push home ownership out of reach for many Americans navigating a frothy housing market.

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Bonds are down. That's hurting retirees and people trying to save for college

Sunday, September 25, 2022

Investors are getting hit with a double whammy: stocks AND bonds are down. That's hurting retirees and people trying to save for college.

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Stocks and bonds both get clobbered this time. Here's what's behind the double whammy

Sunday, September 25, 2022

Stocks are down more than 20% this year. Usually when that happens bonds hold their value. But right now both are down sharply, hurting retirees and people saving for college in 529 plans.

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Home prices see biggest drop in 9 years, thanks to higher mortgage rates

Wednesday, September 21, 2022

The super-heated housing market is cooling off. Home prices have fallen about 6% since their peak in June. The pace of sales also fell for the 7th straight month.

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A new bill could save retailers from paying a fee when customers use credit cards

Sunday, September 18, 2022

Retailers have been complaining that credit card companies have the upper hand - charging them "swipe fees" when customers use cards. A bipartisan bill is in the works that could change that dynamic.

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Inflation was hotter than expected in August

Tuesday, September 13, 2022

Inflation in August was worse than expected, raising concerns that the Federal Reserve will need to continue to lift interest rates aggressively in order to bring prices under control.

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Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

Saturday, September 10, 2022

With mortgage rates up sharply, many more homebuyers are turning to adjustable rate loans. These can be more affordable, at least at first. But they come with a big risk. Is it worth it?

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