Freddie Mac is predicting a safe and comfortable 3% appreciation next year, but we haven't seen mortgage rates above 4.5% since mid-2011. What do you think? http://www.mortgagenewsdaily.com/11172014_economic_forecasts.asp Zillow 2015 Appreciation Forecast Del Mar...
With the Fed announcing the end of QE, the next concern is when they will start raising rates. Mortgage rates are only indirectly tied to any move the Fed might make - which usually means that mortgage rates will start inching up in advance. Here is a quote from...
We should see a resurgence in buyer interest now that rates are under 4%. They probably won't pay a lot more, but if sellers can live with the same price as the last comp, they should be able to sell. From MND:...
This guy says there are 5-6 million people who were or could be homeowners but are on the sidelines - the buy vs. rent equation isn't compelling enough. She says these potential buyers don't have the down payment and don't know about FHA, but she might be guessing. ...
Last June we had the big panic due to the Fed suggesting they were thinking about possibly raising rates. Within a month, the conforming-mortgage rates jumped from the mid-3%s to the mid-4%s. We noted here on how the 30-year-fixed jumbo rates dropped below conforming...
The Fed is going to stop buying bonds in October - that should give the national media some more fodder to kick around during the dog days of summer! They will be suggesting that mortgage rates will be rising soon! A few thoughts: 1. The last time the Fed halted their...
From Fannie Mae: http://www.fanniemae.com/portal/about-us/media/commentary/062314-palim.html In July 2013, we wrote an FM Commentary about the impact of rising mortgage rates on the housing recovery. At that point, rates had risen to 4.51 percent. We examined the...
I hope more media types use actual real-life examples, but while we are talking about how they like to apply their opinions to vague, general data, let's consider the other side of the coin. Want evidence to explain the red-hot market conditions? Look at mortgage...
Hat tip to daytrip for sending this in from cnbc.com: The sharp rise in home prices in 2013 caused two conflicting results: The return of positive home equity for hundreds of thousands of borrowers and considerably weaker affordability for an equally large pool of...
A month ago, the 30-year-fixed rate bumped over the 4.50% mark, and we thought that with more Fed-taper looming, we'd be seeing 5% mortgages. Look what's happened since: We've seen how improving rates tend to fuel the frenzy conditions. Now if there were just...
