Aarthi Swaminathan
Moneyish
New York, NY, United States
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Past articles by Aarthi:
Mortgage rates rise for fifth week in a row as economy remains strong
The 30-year mortgage rate is averaging 6.73%, Freddie Mac said in its latest weekly survey on Thursday. → Read More
‘Americans are angry’: Consumer complaints about credit-reporting issues rose by 96% in one year
The report by U.S. PIRG Education Fund found that credit reporting problems doubled from 2021 to 2022. → Read More
What do women want from their homes? Builders are focusing on their requirements.
American women with children want bigger family rooms and better-equipped kitchens, and they place greater value on wellness features, a new report says. → Read More
U.S. has a shortfall of 6.5 million single-family homes due to a decade of under-building, report says
When buyers return to the housing market, it won’t be easy to find affordable homes due to lack of new construction, according to Realtor.com → Read More
Mortgage demand rises in latest week, despite loans becoming more expensive
Mortgage applications rose 7.4% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.79%. → Read More
‘Consumers on both sides of the transaction appear to be feeling cautious about the housing market’: Fannie Mae
According to a new report by Fannie Mae, home sellers are worried about the housing market, while many respondents feel concerned about their job security. → Read More
‘Affordability is hindered’: Mortgage rates rise for fourth week in a row, surpass 7%
On Thursday, the 30-year fixed mortgage rate hit 7.1%, according to the latest data from Mortgage News Daily. → Read More
Mortgage demand drops as rates rise to the highest level since last November
Mortgage applications fell 5.7% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.71%. → Read More
Pending home sales rise 8.1% in January, largest increase since June 2020
But mortgage rates are back up and applications for mortgages are down, hinting at weakness in the coming weeks for home sales. → Read More
The ‘best’ metro for first-time home buyers is in a Texas pandemic boomtown
A new report says the best city for a first-time buyer was in Texas → Read More
U.S. new-home sales rise by 7.2% despite weakness in the broader sector
The annual rate of new-home sales was 670,000 in January, up from 625,000 in December. → Read More
Mortgage rates rise for third week in a row, returning to highs seen in November
The 30-year mortgage rate is averaging 6.5%, Freddie Mac said in its latest weekly survey, which came out on Thursday. → Read More
As interest rates rise, Biden administration will reduce the cost of some mortgages by $800 per year
The government is lowering the cost of certain federal mortgages. → Read More
Mortgage demand plunges as rates take off and buyers flee
Mortgage applications fell 13.3% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.62%. → Read More
Bad news for home buyers: Mortgage rates inch towards 7%, highest level in 2023
The typical mortgage now costs a homebuyer $2,300 a month, based on a 20% downpayment for a $359,000 home. → Read More
These are the housing markets where values have fallen the most: Zillow report
The monthly market report from Zillow said that typical U.S. home values fell in December by 0.1%. → Read More
Existing-home sales fall for the 12th straight month in January, lowest since 2010
The 12-month losing streak is the longest since NAR began tracking sales in 1999. → Read More
Here are the Top 10 ‘cheapest cities’ to buy a home in the U.S.
The median list price of a home in these 10 cities ranged from $149,900 to $311,575. → Read More
Mortgage rates rise for 2nd consecutive week, pushing more potential home buyers onto the sidelines
The 30-year mortgage rate is averaging at 6.32%, Freddie Mac said in its latest weekly survey on Thursday. → Read More
Ghosting your job candidates? You better watch out — it might come back to bite you later.
A report from the Conference Board says that 1 in 5 candidates who were ghosted by the company they were applying with took a 'negative action' against them. → Read More