Some of the payment increases borrowers are seeing on renewal are a Nightmare on Mortgage Street—especially for folks without offsetting income gains.
But some of these predictions of renewal payment shock are getting a little dramatic.
The latest report to spawn worrisome headlines comes from RBC, who warns us
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For those who want to peer into the real estate thinking of ultra-high net worth individuals (UHNWIs), Knight Frank's "Wealth Report" is right up their alley.
UHNWIs are defined as people with a net worth of U.S. $30 million or more, including their primary residence.
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Seems like every economics shop on the Street is talking about real estate's "comeback."
Cases in point...
"A hot job market, robust income growth, rollicking population increases, a tight rental market, some clarity on the rate front—all roads point to revival" in the
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The unlikely event of a U.S. debt default could lead to double-digit U.S. inflation, unemployment and GDP losses, and interest rates rising "into perpetuity," Treasury Secretary Yellen warned this week.
In essence, an "economic catastrophe."
That not-so-pleasant thought is why American lawmakers almost certainly
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