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As stocks flag and home prices dip, consumers spend less, spend different

Sep 27, 2022
It's called the wealth effect: Household spending decisions tend to be influenced by the ups and downs of asset prices.
Research suggests that feeling pinched financially shifts spending from services to goods, says  Stephanie Tully at the University of Southern California.
Anna Moneymaker/Getty Images

Many Chinese homebuyers are paying mortgages on homes they may never live in

Sep 14, 2022
With real estate firms in financial distress, thousands of people are left with unfinished condos. Some are trying to fight back.
Last year, musician Chen Peng took Marketplace to the development in Zhengzhou where he bought a two-bedroom condo. The development remains unfinished today.
Charles Zhang/Marketplace

Rising interest rates increase the appeal — and the risk — of ARMs

May 24, 2022
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
The number of applications for adjustable mortgages has increased 22% over the last year, per the Mortgage Bankers Association.
Joe Raedle/Getty Images

How has your credit score affected you?

Feb 21, 2022
"Marketplace Tech" is exploring the credit score system and its algorithm. And we want to hear from you!
Your credit score can determine whether you receive a credit card or a loan.
NicoElNino/Getty Images

Unemployed and unable to refinance

Oct 15, 2021
With mortgage rates around 3%, many of those who might benefit the most from refinancing and reducing their monthly payments aren’t able to.
courtneyk via Getty Images

Climate change is going to make buying a home even more expensive

Sep 28, 2021
A report from the Mortgage Bankers Association says environmental risk will likely lead to higher insurance premiums and loan interest rates.
A firefighting helicopter makes a water drop near homes in California, where wildfires, exacerbated by climate change, have destroyed many properties.
David McNew via Getty Images

Report shows decrease in underwater mortgages

Aug 5, 2021
The numbers aren't like what they were during the housing crisis, when almost a quarter of homeowners owed more than what their home was worth.
Foreclosures have been on the rise.
Justin Sullivan/Getty Images

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More homeowners are seeking long-term mortgage relief

Nov 6, 2020
Some who left forbearance plans are delaying payments again.
A woman marches during the Cancel Rent and Mortgages rally in June in Minneapolis. There are 2.9 million mortgages in active forbearance, according to a report Friday from mortgage data company Black Knight.
Brandon Bell/Getty Images

Who actually gets those low, low mortgage rates?

Oct 20, 2020
Different lenders may offer the same individual wildly different rates and fees.
A construction worker walks through the site of a new house being built in San Marino, California. Housing starts in September were up 11% from last year.
Frederic J. Brown/AFP via Getty Images

Mortgages in forbearance drop for the first time since March

Jun 8, 2020
But not everyone who needs relief may be getting it.
Ian Waldie/Getty Images