Category Archives: Mortgages

Just wait until rents follow…

From Fortune: Mortgage rates hit 6.3%—the real cost to buy a house has officially spiked over 50% in just 6 months Heading into the year, Fannie Mae predicted that the average 30-year fixed mortgage rate would climb from 3.1% to 3.3% by the … Continue reading

Posted in Mortgages, National Real Estate | 176 Comments

Mortgage Rate Bloodbath

From Mortgage News Daily: Mortgage Rates Surge Well Into the 6% Range After One of The Worst Days in Decades It’s hard to quantify just how bad today was for mortgage rates because there’s no quality day-over-day mortgage rate data from before … Continue reading

Posted in Economics, Mortgages, National Real Estate | 161 Comments

“Tappable Equity” at $207,000 per Homeowner

From CNBC: Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed the the nation’s collective … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 287 Comments

At the top now?

From CNBC: Home listings suddenly jump as sellers worry they may miss out on the red-hot housing market Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the … Continue reading

Posted in Housing Bubble, Mortgages, National Real Estate | 119 Comments

We’ve been discussing this for the last 10 years…

From Yahoo Money: Mortgage rates hit highest level in 13 years and could cool housing market Mortgage rates hit their highest level since August 2009 this week, following a sharp increase in the 10-year Treasury yield and continuing a breakneck … Continue reading

Posted in Economics, Mortgages, National Real Estate | 62 Comments

Welcome to 2007

From Forbes: The housing market just hit a level not seen since 2007 The financial sting of soaring home prices—up 32.6% over the past two years—was lessened, to a degree, by historically low mortgage rates during the pandemic. Even as … Continue reading

Posted in Economics, Housing Bubble, Mortgages | 173 Comments

Welcome back to five

From CNBC: 30-year fixed mortgage crosses 5%  The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, … Continue reading

Posted in Economics, Mortgages, National Real Estate | 90 Comments

A lot to stomach

From Fortune: The housing market faces its biggest test yet There has been no shortage of theories on how the ongoing housing boom is going to end. Reopening corporate offices were supposed to tamp down on remote workers buying in far-flung places. … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 294 Comments

Bye bye cheap mortgages?

From the MPA: Mortgage rates – historically low era comes to an end The 30-year mortgage rate climbed above the 4% mark shortly after the Federal Reserve approved its first interest rate hike in more than three years. Freddie Mac … Continue reading

Posted in Economics, Mortgages, National Real Estate | 65 Comments

Sounds familiar

From Reuters: First-time U.S. home buyers feeling ‘defeated’ by soaring prices, rising rates Brianna Lombardozzi finally has her finances to a point where she might be able to buy a house. But she isn’t feeling great about her odds. Lombardozzi, … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 284 Comments

Housing survived the pandemic too

From Mortgage News Daily: MBA Says Delinquencies Fall Below Historic Levels For the second time this week a major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic. The National Delinquency Survey from the Mortgage Bankers Association … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 117 Comments

Not such a deep dive

From News 12: Deep Dive: Where things stand now for real estate in New Jersey heading into 2022 Where did 2021 stand when it came to real estate in New Jersey? “Home sales were really hot, especially in the beginning … Continue reading

Posted in Economics, Mortgages, New Jersey Real Estate | 271 Comments

Not slowing down yet

From the WSJ: Homes Sold in November at Fastest Pace in 10 Months Existing-home sales, which rose in November to the highest seasonally adjusted annual rate since January, are on track for their strongest year since 2006 as low mortgage-interest … Continue reading

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

Impact or not?

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading

Posted in Economics, Mortgages, Politics, Risky Lending | 113 Comments

Clear to close? Think again.

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 197 Comments