💸 The new normal for mortgage rates

Plus, 5 tips if you want to buy a home this year
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SoFi On The Money
May 19, 2025
 
 
THE SOFI SO WHAT

Mortgage Rates Might Not Go Down. What Now?
By Keith Wagstaff

Homeownership is getting harder to afford — and it might stay that way. With real estate prices still sky-high and mortgage rates lingering above 6%, monthly payments are stretching buyers to the limit. Experts warn these conditions could be the new normal, forcing would-be homeowners to rethink their strategy. So what can you do to navigate this tough market — and is there any relief in sight?
Read more
 
 
5 THINGS TO DO

5 Things to Do If You Don't Want to Wait to Buy a House
By Lora Shinn

Let's face it: Between high mortgage rates and steep property prices, buying a house can be prohibitively expensive these days.

But waiting for conditions to improve could take a while.

So what can you do? Some people who are tired of putting off a move are stomaching the high mortgage costs with the goal of refinancing their loan if and when rates drop in the future. But if you can't afford to do that, it's not hopeless.

Here are five things to do if you want to buy a house this year.
Read more
 
 
WEEK AHEAD ON WALL STREET

Week Ahead on Wall Street
By Mario Ismailanji

For financial markets, this week is the kind of week that, on the surface, might seem like a good time to catch your breath. There aren't any real headline-grabbing economic releases or major earnings announcements on the calendar.

Relatively few scheduled events don't necessarily indicate a period of calm, however. Fewer catalysts often mean less urgency for traders to take big positions. But thinner trading volumes can be a double-edged sword. While it might mean a more subdued market if all remains quiet, it can also amplify the impact of any unexpected developments.
Read more
 
 
WHAT WE’RE WATCHING

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Young adults are rethinking what "making it" really means in today's economy. (CNBC)
Watch here
 
 
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On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all.
 
 
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💸 The new normal for mortgage rates 💸 The new normal for mortgage rates Reviewed by PaidmeLLC on May 19, 2025 Rating: 5

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