Average age of NYC homeowner jumps to stunning new high — as American dream more out of reach for young people
The median age of New York City-area homeowners has jumped to a stunning new high as the housing affordability crisis ...
Tag: interest rates
Mamdani’s tax-&-spend plans leave NYC bond investors leery
At the start of his term in January, Mayor Mamdani had the Big Apple’s lenders in his corner — despite ...
Mortgage rates dip below 6% for first time since 2022
The average long-term US mortgage rate slipped this week below 6% for the first time since late 2022, good news ...
US homeowners set record for staying in place as ‘lock-in’ effect inflates prices
US homeowners are staying in their houses for the longest period in at least 25 years – creating a “lock-in” ...
Bank of America, Citigroup may offer credit cards at 10% rate in bid to appease Trump: report
Bank of America and Citigroup are reportedly considering offering credit cards with a 10% interest rate in an effort to ...
Home sales stuck at 30-year low in 2025 as mortgage rates, prices slam market
The US housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low ...
Mortgage refinance demand jumps 40% on Trump’s $200B bond-buying spree
Mortgage refinance demand jumped 40% higher last week after President Trump ordered a $200 billion bond-buying spree – briefly sending ...
Retirement accounts roared back in 2025 after punishing losses during Biden years: study
After four bruising years in which inflation and declining bond markets slammed Americans’ nest eggs, retirement accounts made a big ...
Trump leaning toward Kevin Warsh or Kevin Hassett to be next Fed chief: report
President Trump said he is leaning toward former Fed governor Kevin Warsh or National Economic Council Director Kevin Hassett to ...
Here’s what interest-rate cut means for borrowers on everything from credit cards to mortgages
The Federal Reserve on Wednesday issued the third consecutive quarter-point interest rate cut this year — likely impacting everything from ...
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