Mortgage rates settled down the last two days, but the damage was done - we're above 4.50% (no points) now for 30-year loans. You'd think that some day the higher rates will have an impact on the demand for housing, but for now, sellers are confident that the prime...
Sellers should pay heed to the mortgage-rate gods......and do a little better on price, just in case. Rates will be pushing 5% before long. From the MND: Mortgage rates moved markedly higher today, officially leaving them at new 4-year highs. The only other time...
Could the supply of homes-for-sale get any tighter? Freddie Mac thinks so: Recently, Freddie Mac published a report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates...
Mortgage rates were jittery but ended up back where they started today. From MND: Mortgage rates rose to new 4-year highs this morning as lenders took a defensive stance ahead of the afternoon's Fed Announcement. The caution proved to be warranted, at least at first,...
It seems the majority of people are buying for the long-term - adjustable-rate mortgages are only 7% of the total loans made (ten years ago it was 35%). The chief economist for the MBA remains bullish - from CNBC: Not enough for-sale signs in front yards are driving...
Six or seven more rate hikes by the end of next year? First you tried to tank the market with your faulty tax-reform scare, and now you're predicting rate hikes for 2019? You're supposed to be helping us! Thanks for nothing Yunnie!!
With mortgage rates bouncing back into the mid-4s (with no points), JBREC published this article on the effect of higher rates on home sales: Mortgage rates have risen 1.0% or more ten times in the last 43 years, with little impact on home sales and prices when the...
Mortgage rates have risen almost one-half percent this year, and are around 4.50% with no points today (conforming and jumbo). Because rates haven't moved much in recent years, the half-point increase sounds dramatic, and could cause a few people to reach for the...
Another increase in rates today but the rate-setters for the mortgage companies have to be a bit gun-shy, and as a result, there is probably at least an 1/8 of a point priced in. Once we get past the Fed meeting that's underway and Trump's State of the Union...
