Many older people have lower incomes and less time to pay off loans than younger counterparts, making lenders hesitant.
Getting demand to soften is the point because that’s expected to help tame inflation.
With mortgage rates around 3%, many of those who might benefit the most from refinancing and reducing their monthly payments aren’t able to.
Americans used to believe that when you retired, your house should be paid off. That was, of course, before the refinancing boom.
Straight talk from a banker on what makes an application for a re-fi or a loan modification stand out in the eyes of a bank.
The Wall Street Journal is reporting that the Obama administration is eying new relief for underwater homeowners. Who stands to gain from the program?
Host Tess Vigeland is joined by Sr. Producer Paddy Hirsch and the L.A. Times' David Lazarus to discuss reader concerns and talk to listeners.
I have $30,000 and want to know where best to put it. Ultimately, I want to put it away for my three boys' futures. I want it to make something, however slowly, without risk. But, 0.4 percent? Is that really the best I can do? Joanna, Hammond, IN
