6 months ago • 4:54 mins
US homebuyers have been in a buying frenzy since the Covid recovery, with homes in formerly hard-to-sell markets drawing fierce bidding wars. But with a recent push higher in mortgage rates and more to come, it begs the question: should you jump in while borrowing costs are still relatively low, or hold off till home prices start to slip? Let’s take a look.
It’s not been pretty: US mortgage rates have just seen their biggest three-month gain since 1987, with the 30-year fixed rate – the most popular among US homeowners – rising from just above 3% in February to 5%.
The impact on household budgets is real: new homeowners have to shell out $420 more a month for a median-price home (roughly $405,000), at a time when food and gas prices are
Lately it seems like all the markets can do is drop. But if you’ve got spare cash, Stéphane says, some of these price falls are a blessing in disguise.
It’s one of the oldest, biggest, and most successful crypto funds. Jon’s laid out why its boss sees crypto as a major opportunity right now.
There are winners and losers in every market crisis, and Russell’s taken a look at who will profit and who will struggle in the one unfolding now in the UK.