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Mortgage rates may spike 30% next year

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Mortgage rates may spike 30% next year, according to a new forecast

As if the housing market weren’t complicated enough these days, the Mortgage Bankers Association says higher rates are on the way—and homebuyers at the end of 2022 could be paying nearly 30% more for a 30-year fixed-rate mortgage.

A new survey from the MBA predicts 30-year rates, which hit record lows last July, will average 4% by the fourth quarter of next year. (That compares with 3.1% now.) It doesn’t look to be a short-term increase, either. Heading into 2023, rates could potentially go as high as 4.3%—a 39% jump from where they are today.

Source: https://finance.yahoo.com/news/mortgage-rates-may-spike-30-160021820.html

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Princeton NJ News

Princeton News: Swarthmore College taps Princeton dean as new president

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Summary of the Article

Smith has served as dean at Princeton since 2011. She first came to the school in 1980 as an instructor of English and African-American studies.

Article

SWARTHMORE, Pa. (AP) – Princeton University’s dean is leaving to become president of Swarthmore College.

Swarthmore officials announced Saturday that Valerie Smith will begin leading the small liberal arts school near Philadelphia on July 1.

Smith has served as dean at Princeton since 2011. She first came to the school in 1980 as an instructor of English and African-American studies.

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first published: 2015-02-20 17:26:15[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: What ‘The Imitation Game’ didn’t tell you about Turing’s greatest triumph

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PRINCETON, N.J. — Freeman Dyson, 91, the famed physicist, author and oracle of human destiny, is holding forth after tea-time one February …

Article

Andrew Appel, chair of Princeton University’s computer science department, discusses mathematician Alan Turing’s legacy. Turing earned his PhD from Princeton in 1938. (Princeton University School of Engineering and Applied Science)

PRINCETON, N.J. — Freeman Dyson, 91, the famed physicist, author and oracle of human destiny, is holding forth after tea-time one February afternoon in the common room of the Institute for Advanced Study.

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first published: 2015-02-19 20:04:34[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: 2015 Ivy League Men’s Championships: Princeton’s Relay Sweep Contributes to 6th Title in 7 Years

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Summary of the Article

Princeton ‘s goal all season had been to bring the team trophy back to New Jersey, and it showed in all they did throughout the weekend.

Article

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2015 Ivy League Men’s Swimming & Diving Championships

The third and final day of the 2015 Ivy League men’s championship was full of surprises, but the one constant we have seen since the beginning of the meet remained: Princeton’s resolve to bring the team trophy back to New Jersey.

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first published: 2015-02-28 08:48:45[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Princeton Area Community Foundation Appoints Carol Herring Chair

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A former high ranking official at Princeton University is the new chair of the Princeton Area Community Foundation Board of Trustees, according to the …

Article

A former high ranking official at Princeton University is the new chair of the Princeton Area Community Foundation Board of Trustees,according to the foundation’s website.

Carol P. Herring takes over the reigns from David R. Scott, who helped the foundation raise its assets over $100 million during his time as chair.

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first published: 2015-02-27 21:22:30[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: 2015 Ivy League Men’s Championships Day 2: Columbia’s Jakl Gets 100 Fly/Back Double …

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Summary of the Article

David Jakl of Columbia pulled off a 100 fly/100 back double on Day Two of the 2015 Ivy League championships in Princeton, New Jersey. Current …

Article

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2015 Ivy League Men’s Swimming & Diving Championships

Day Two of the 2015 Ivy League men’s championships was about as exciting a meet as they come, with four conference records going down out of eight events swum.

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first published: 2015-02-27 05:03:45[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: No. 14 Princeton women take control early, beat Yale 67-49

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PRINCETON, N.J. — Blake Dietrick scored 18 points, Annie Tarakchian added 16, and No. 14 Princeton remained the only unbeaten Division I …

Article

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first published: 2015-02-27 02:03:45[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Ray Young Bear to be a featured poet at Princeton, NJ

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Meskwaki poet and tribal member, Ray Young Bear, has been invited to the Princeton Poetry Festival in Princeton, N. J. on March 13 and 14.

Article

Meskwaki poet and tribal member, Ray Young Bear, has been invited to the Princeton Poetry Festival in Princeton, N. J. on March 13 and 14. The biennial event has a line up of internationally acclaimed poets who will read from their work and take part in a panel discussion entitled “The Place of Poetry.

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first published: 2015-03-01 07:07:30[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: Cops: Nine Accidents in Just Over Two Hours in Princeton

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There were nine car accidents in two and a half hours on Sunday, according to Princeton Police. There were no serious accidents, police said.

Article

There were nine car accidents in two and a half hours on Sunday, according to Princeton Police. There were no serious accidents, police said.

There were also numerous motorist assists as snow continued to fall across the region and ice began to become a problem.

Police advise drivers to stay off the roads, and to drive only if absolutely necessary.

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first published: 2015-02-28 21:45:00[otw_is sidebar=otw-sidebar-9]

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Princeton NJ News

Princeton News: 2015 College Squash Individual Championships: Holleran, Molloy, and Consolation Finals

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College Squash Association Princeton, NJ — Alexandra Toth of Princeton and Andrew McGuinness of Navy won the B Division finals. Holleran Cup …

Article

College Squash AssociationPrinceton, NJ — Alexandra Toth of Princeton and Andrew McGuinness of Navy won the B Division finals.

Holleran Cup (Women’s B Division): Princeton’s Alexandra Toth made the hometown fans proud with her performance in the Holleran Cup final. Toth advanced to the final with a five-game win over Georgia Blatchford of Yale. In the final, the Princeton sophomore faced Trinity senior Natalie Babjukova, who had defeated teammate Sachika Balvani in three in the semifinals.

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first published: 2015-02-28 20:37:30[otw_is sidebar=otw-sidebar-9]