Maybe prices are softer than we thought? By John Burns: In the last 15 years, home prices have grown 29% faster than incomes, primarily due to falling mortgage rates. Since the monthly payment determines what most buyers can afford to pay for a house, we thought we...
A sigh of relief as we back down from the dreaded 4%. From yesterday's MND: http://www.mortgagenewsdaily.com/consumer_rates/436596.aspx Mortgage rates had their best day of the month today following Fed Chair Yellen's testimony before the Senate Banking Committee. ...
Rates have risen 0.25% in less than three weeks, and 4% is upon us (and the Fed hasn't done anything yet). From MND: http://www.mortgagenewsdaily.com/consumer_rates/435104.aspx Mortgage rates got hit hard today, rising at the fastest day-over-day pace since November...
Mortgage rates are skittish and move like gas prices - slow on the way down, and fast on the way up. From this afternoon's MND: http://www.mortgagenewsdaily.com/consumer_rates/433641.aspx Mortgage rates remain under significant pressure, having now moved higher almost...
From MND: http://www.mortgagenewsdaily.com/consumer_rates/430712.aspx Jan 30 2015, 3:51PM Mortgage rates moved lower today at their fastest pace since January 14th. Rates sheets moved well past recent lows and back to levels not seen since May 10th 2013. That was...
Need more frenzy food? This guy thinks we'll see the yield for 10-year-treasuries at 1.50% (and maybe lower). Mortgage rates have run traditionally about 1.75% above the 10-Y yield: In August, Komal Sri-Kumar predicted that yields on the U.S. 10-year Treasury note...
Not only did jumbo 30-year fixed rates hit the lowest I have ever seen yesterday, but more creative terms are coming out too. These terms were sent to me yesterday by a local lender: Just priced a 30 year fixed 1.2 million loan and it’s 3.625 with no points. We have a...
Why stop at 3.25%? Let's just lower mortgage rates to 2.5%! http://www.housingwire.com/articles/32330-baml-oil-declines-could-fuel-lower-mortgage-interest-rates-in-2015 An excerpt: An examination of break-even inflation rates suggests sharply lower oil prices are a...
Looking forward to a great 2015! From MND: Mortgage rates moved only slightly lower today, but it was enough to bring the end-of-day average to the lowest in more than a year an a half. For the record, there were lower rates available on the morning of October 15th,...
Think the real estate market needs something to stay awake during December? How about the lowest jumbo rates ever!
