Category Archives: Mortgages

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

How will the housing market react?

From Forbes: What The Republican Tax Bill Means For The Value Of Your Home House Republicans released their long awaited tax bill Thursday. The proposal is a long way from becoming the law of the land, but the draft contains … Continue reading

Posted in Mortgages, National Real Estate, Politics, Property Taxes | 42 Comments

Time to take a vacation … on the house!

From CNBC: Home equity loans set to soar along with home prices Ever since the epic housing crash of the last decade, homeowners have been incredibly conservative with their housing debt. Home prices rose, at first slowly and now quite … Continue reading

Posted in Economics, Mortgages, National Real Estate | 116 Comments

What does your soul get you in NJ?

From the New Yorker: What a Faustian Bargain Gets You in New York’s Real-Estate Market In the New York real-estate market, where stratospheric prices continue to climb, a pact with Satan just doesn’t get you what it once did. Sure, … Continue reading

Posted in Mortgages, NYC | 159 Comments

Escalades and Jet Skis … Baby!

From HousingWire: Homeowner equity soars in first quarter Homeowner equity increased significantly in the first quarter of 2017, according to the Q1 2017 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider. Homeowners with a mortgage, … Continue reading

Posted in Economics, Mortgages, National Real Estate | 85 Comments

Mortgage delinquencies at 10 year low

From HousingWire: More Americans are now paying their mortgage often, and on time Mortgage delinquency rates, including loans in serious delinquency and even foreclosure inventory, fell at the start of 2017, according to the latest monthly Loan Performance Insights Report … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 22 Comments

How high do rates need to be to slow home sales?

From HousingWire: FHFA: Rising interest rates not slowing down home prices…yet Home prices increased during the fourth quarter and, despite rising interest rates, showed no sign of a slowdown, according to the Federal Housing Finance Agency’s House Price Index. Home … Continue reading

Posted in Economics, Mortgages, National Real Estate | 92 Comments