Rates keep having bad days: Mortgage rates spiked abruptly today, bringing them to the highest levels in well over 2 years. The average lender is now quoting conventional 30yr fixed rates of 4.25% on top tier scenarios with more than a few already up to...
For the few that are actually affected, higher rates with a lower cap sounds like a wash - and if there are other changes/improvements of other taxes, any change in the MID would be negligible. But the impact on homebuyer psychology could dampen the demand....
Are rising rates that big of a deal? Maybe - and only if they mess with the buyers' psychology. We have been spoiled with rates in the mid-3s for the last six months - including jumbos - and our local market has been cooking. Buyers have been hoping for any break, but...
Excerpted from MND: http://www.mortgagenewsdaily.com/ "Taper tantrum" refers to the market's reaction to the revelation that the Fed would begin reducing the pace of its asset purchases in mid-2013. For most of us, that's as bad as it gets for bond markets. Even for...
Buyers aren't going to be happy about rates starting with a four....which we will probably see by next week: http://www.mortgagenewsdaily.com/consumer_rates/677946.aspx Mortgage rates continued a relentless move higher today, as financial markets continue rapidly...
Are you still thinking about packing it in for 2016? Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in nearly 2 months. You'd have to go back early August or late July...
Janet Yellen has spoken today - but no big shocks: The possibility of a December hike, around 50 percent before Yellen's remarks, moved up to 53.5 percent, according to the CME. However, the market continues to doubt anything happening in September, which has just an...
How is the Brexit going to impact the sales of real estate? From MND: There's no telling how long this "initial reaction" period will continue and what the longer term effects will be, but for now, the short term effects have been strongly positive for rates. The...
Anyone who thought that the threat of higher mortgage rates would cause buyers to rush their home-buying decision can chillax, as Kayla would say. The threat has subsided, making buyers even more comfortable and deliberate in their search for the perfect match. These...
If this sort of good news holds up, look forward to the Fed bumping their rate again. Mortgage rates have come down since the last Fed hike! From MND: http://www.mortgagenewsdaily.com/05242016_new_home_sales.asp New home sales surged in April after a disappointing...
