Weekend reads: How to make a move in a brutal housing market

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ICYMI: A 40-year mortgage could be a solution to mortgage forbearance and default, Philadelphia Federal Reserve President Patrick Harker said.

Jacob Passy writes The Big Move column. This week he helps a couple that wants to switch to a home without stairs, but is worried about some tricky aspects of the move.

The minutes of the Federal Open Market Committee’s March 15-16 meeting point to a more aggressive series of interest-rate increases and a balance-sheet reduction of $95 billion a month, which the bond market has anticipated by sending long-term rates higher.Owning bonds as interest rates rise Interest rates have been rising — the yield on 10-year U.S. Treasury notes TMUBMUSD10Y, 2.714% has jumped to 2.70% from 1.51% at the end of 2021. When interest rates rise, bond prices fall.

R. Douglas Arnold explains possible remedies for fixing Social Security and how the Republican Party has avoided the discussion.How to think outside the box if you are having difficulty finding people to hire Don’t automatically exclude job applicants with criminal records.

 

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