Category Archives: Mortgages

Oh baby, now we’re talking

From CNBC: Thousands line up for zero-down-payment, subprime mortgages Magdalene Altidor lost her home to foreclosure during the subprime mortgage crisis, but this week she was first in line at a four-day event in Miami where borrowers with poor credit … Continue reading

Posted in Housing Bubble, Mortgages, Risky Lending | 16 Comments

Mortgage rates touch 5% again

From CNBC: Mortgage rates jump past 5%, signaling more home price cuts ahead Millennials are in their prime homebuying years, and they’re used to cheap credit. So they might be in for a rude awakening as mortgage rates jump. The … Continue reading

Posted in Mortgages, National Real Estate | 80 Comments

Everything is holding housing back

From MarketWatch: This is why Americans are losing confidence in the housing market Today, less people are buying houses. According to Fannie Mae, a mere 24% of Americans feel like now is a good time to buy a house. Looking … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 37 Comments

Bye Bye Refi

From HousingWire: Originations fall to 4-year low due to rising interest rates The signs were all there. It was clear that mortgage originations were trending down as interest rates rose, but it’s still striking to see the results in black … Continue reading

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 78 Comments

The new “rate lock”

From HousingWire: Goodbye refi: Rising interest rates all but erase refinance demand While mortgage interest rates dipped ever so slightly in the last week, they’ve been trending up for the majority of this year. In fact, the interest rate on … Continue reading

Posted in Housing Recovery, Mortgages, National Real Estate | 53 Comments

It’s a great time to stay put

From CNBC: Home prices make the biggest jump in four years It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see … Continue reading

Posted in Demographics, Economics, Housing Recovery, Mortgages, National Real Estate | 95 Comments

Up Up Up Up Up

From Mortgage Professional: Mortgage rates keep climbing Mortgage rates continued their steady climb through the week ending May 24 to reach their highest level since May 5, 2011, according to the Primary Mortgage Market Survey released by Freddie Mac. Rates … Continue reading

Posted in Mortgages, National Real Estate | 74 Comments

Fed not taking the juice away … yet

From HousingWire: Fed changes tune on raising interest rates this year The Federal Reserve has been forecasting an average two to four rate hikes in 2018, however the minutes from its latest meeting reveal a more dovish approach. Many experts … Continue reading

Posted in Economics, Mortgages, National Real Estate | 124 Comments

Are mortgages finally back to a solid level?

From National Mortgage News: Mortgage delinquency rates down annually, a sign of a healthy economy Despite an especially strong hurricane season last year, the national mortgage delinquency rate fell on an annual basis, signaling a healthier economy, according to CoreLogic’s … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate | 156 Comments

So long and thanks for all the fish

From CNBC: Tax bill will slash by half the number of homeowners using the mortgage deduction The number of homeowners who will benefit from the mortgage tax break is expected to plummet this year by more than half, according to … Continue reading

Posted in Mortgages, National Real Estate, Politics | 261 Comments

Rates go up now?

From the Chicago Tribune: As Fed raises rates, look for higher costs on credit cards, car loans and home mortgages Americans are taking on more debt, and they’re soon going to be paying more for it. The Federal Reserve on … Continue reading

Posted in Economics, Mortgages, National Real Estate | 155 Comments

Finally the end of cheap mortgages?

From CNBC: Here’s how a 5% mortgage rate would roil the US housing market Mortgage rates are now at their highest level in four years and poised to move even higher. The timing couldn’t be worse, as the usually busy … Continue reading

Posted in Economics, Mortgages, National Real Estate | 137 Comments

Mortgage rates going up

From CNBC: Mortgage rates jump even higher after positive jobs report The good news is Americans are making more money – because they’re going to need it, especially people thinking about buying a home. While the just-released January employment report … Continue reading

Posted in Economics, Employment, Mortgages, National Real Estate | 120 Comments

NY Mortgages Worse Than NJ

From CoreLogic’s December Loan Performance Insights: NY has finally taken the overtaken NJ in mortgage delinquency stats, something I’ve been talking about for months. This is primarily being driven by distressed loan performance improving in NJ, and not delinquencies growing … Continue reading

Posted in Demographics, Economics, Mortgages, New Jersey Real Estate, Risky Lending | 75 Comments

Senate’s handling of MID a head scratcher

From HousingWire: Housing industry gives mixed response to Senate tax reform bill One of the biggest changes from the House tax reform bill is that the Senate’s version would leave the mortgage interest deduction intact at its current cap of … Continue reading

Posted in Economics, Mortgages, National Real Estate, Property Taxes | 67 Comments