From Bloomberg.com - an excerpt: When real estate investors get this confident, money manager James Stack gets nervous. U.S. home prices are surging to new records. Homebuilder stocks last year outperformed all other groups. And bears? They’re now an endangered...
Mortgage rates went up 0.25% this week, which means someone who is borrowing $750,000 will be looking at an extra $109 per month. To put it in perspective, the payment goes up from $3,581 to $3,690. If that's comfortable payment, the extra bump isn't that big of a...
With the new Fed transparency, these rate hikes are telegraphed well in advance now and priced in by the market. Free enterprise is working - the competition between Chase, Wells Fargo, and Bank of America is keeping rates in check. BofA is quoting 3.875% and no...
Jumbo mortgage rates in the threes have helped to propel our higher-end market to new heights. Of the 854 houses for sale between La Jolla and Carlsbad, 757 of them - or 89% - are listed over $1,000,000! NSDCC Detached-Home Sales, Jan 1 - Aug 31 Year Total # of Sales...
Rates are under 4.0%, no points! From MND: Mortgage rates fell convincingly today, though not all lenders adjusted rates sheets in proportion to the gains seen in bond markets (which underlie rate movement). Those gains came early, with this morning's economic data...
Mortgage rates fell at their fastest pace of the year following today's rate hike announcement from the Fed. If you're wondering why mortgage rates fell while the Fed's rate moved up, you're not alone. Fortunately, the explanation is simple. Financial markets had...
We assume that if mortgage rates go up, prices will come down - but how has that relationship behaved in the past? Rich details the history here, and explains why:...
Home sellers should get on their horse. Janet Yellen just gave the markets a wake-up call — the Federal Reserve does intend to raise rates three times this year, and possibly even in March. Bonds sold off and their yields jumped as traders reacted to the Fed chair's...
They may be using an algorithm or math formula to calculate the above, but there is more to the discussion. The attractiveness of renting is different for everyone, regardless of income. P.S. Rates have settled down nicely, and are at 4.10% today. Read full article...
A bad day for rates - mostly because they look like they will keep going up in 2017. Elective sellers won't budge until they get 1-2 years' worth of proof that the market won't support their price. http://www.mortgagenewsdaily.com/consumer_rates/688422.aspx Mortgage...
