Chris Arnold appears in the following:
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.
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.
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.
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.
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.
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.
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.
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.
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?
Adjustable rate mortgages are back
Monday, September 05, 2022
The percentage of homebuyers getting adjustable rate mortgages is at a 15-year high. The mortgages start with lower payments, but is the risk worth it?
Residents of mobile homes are often at the mercy of big companies that own the land
Thursday, September 01, 2022
Millions of Americans live in mobile-home parks because they are the only place they can afford to buy homes. But many are now at the mercy of big companies that own the land underneath those homes.
From floods to slime: Mobile home residents say landlords make millions, neglect them
Sunday, August 21, 2022
Elderly homeowners in Florida are suing the billion dollar company that owns their mobile home park. Big companies are buying up parks around the country, but critics say residents pay the price.
Spikes in mortgage rate force many potential homebuyers to rethink their plans
Friday, August 19, 2022
Mortgage rates have seen their biggest rise in 40 years. But now, rates are jumping up and down as markets try to anticipate where the economy is headed.
How to solve the nation's housing shortage
Thursday, July 14, 2022
Hundreds of towns and cities are short of housing. It's the biggest reason rents and home prices are so high. A new study out today looks at how to fix the problem.
There's a massive housing shortage across the U.S. Here's how bad it is where you live
Thursday, July 14, 2022
Hundreds of cities and towns are seriously short of housing, both homes to buy and rentals, according to a new study. It's the main reason that home prices and rents are so high.
The pain of rising mortgage rates when you're waiting for your home to be built
Wednesday, June 29, 2022
Many Americans put down deposits of $20,000 or more with builders to put up new homes. But with mortgage rates rising, some can no longer afford the homes. And they could lose their deposits.
Are rising interest rates giving you grief while you wait for your home to be built?
Friday, June 24, 2022
Many people are getting hurt financially because mortgage rates rose sharply while they were waiting for their new homes to be built. And now it's hard or impossible to buy them. Share your story.
Housing prices soar with rising inflation
Saturday, June 11, 2022
Inflation is on the rise throughout the economy but it's hitting the housing and rental markets the hardest. Housing is often Americans biggest single expense.
Rents across U.S. rise above $2,000 a month for the first time ever
Thursday, June 09, 2022
A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.
Mortgage applications drop as fewer people are able to afford homes
Thursday, June 09, 2022
Higher mortgage rates are putting a damper on the housing market. Applications for a mortgage to purchase a home are down 21% from a year ago as fewer and fewer people can afford to buy.