Splitting up the price index by tiers does give us a better read on which segments are hotter......and interesting to see that the higher-end has been cooking lately: Black Knight, in the current edition of its Mortgage Monitor covering December mortgage performance...
More evidence of how are sales and pricing have been flat this year, in spite of lower rates: NSDCC 3rd Quarter Sales Year # of 3Q Sales Median SP Median DOM 2013 884 $975,000 24 2014 753 $1,050,000 27 2015 850 $1,025,000 23 2016 822 $1,175,000 22 2017 798 $1,250,000...
Hat tip to Matthew for a great piece on mortgage rates: Mortgage rates have risen rather abruptly from their long term lows 2 weeks ago and are now at the highest levels in more than a month. Fortunately, the average lender is still easily able to quote rates in the...
Mortgage rates are are extremely favorable, and should slide a bit further next week. How much lower could they go? Below is a link to an article that compares today to 2011/2012 - an excerpt: If we merely match 2011's performance, the current rally could last almost...
If Ivy said it, it must be so! P.S. 10-yr bond yield down to 1.54%: While Wall Street panics about falling rates, Main Street is benefiting, especially in the housing market, according to housing guru Ivy Zelman. She says every quarter-point cut in mortgage rates is...
Now we're talking! Thanks Richard. A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark's third-largest bank, said this week that customers would now...
Mortgage rates took a tumble yesterday: Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from the week's big ticket events (Fed announcement and jobs report), the biggest...
So we got the expected 1/4% from the Fed, and mortgage rates didn't move - it was priced in. What's worse is talk of another Fed cut is needed just to keep mortgage rates where they are today. From MND: That means, all other things being equal, if the Fed were to say...
As long as everything stays rosy, we'll be fine...... The housing market has been looking slightly better over the last few month and Freddie Mac July economic report reflects that fact. They also maintain a fairly rosy picture of the economy as a whole. They note...
Good golly mortgage rates are at mid-to-high 3s and the lowest in the last 12 months. If sales don't ignite then the list prices are way out of wack! http://www.mortgagenewsdaily.com/consumer_rates/913853.aspx Mortgage rates plunged today as the bond market extended...
