Category Archives: Mortgages

30yr fixed dips below 6%

From Insider: Mortgage rates are falling back near 6%, reopening the housing market for 3 million home buyers, according to Freddie Mac Mortgage rates are falling back near 6%, and that could help reopen the housing market to about 3 … Continue reading

Posted in Economics, Mortgages, National Real Estate | 16 Comments

Fed Day!

From Reuters: Fed expected to deliver small rate hike but keep anti-inflation tilt The Federal Reserve is expected to raise its target interest rate by a quarter of a percentage point on Wednesday, setting aside the rapid hikes used last … Continue reading

Posted in Economics, Mortgages, National Real Estate | 145 Comments

Sounds like more of the usual

From NJ Business: Year-end NJ Housing Data Shows Market Softening Rising interest rates, low inventory, and climbing prices have cooled the housing market in 2022, with closed sales down 17.8% over 2021, according to year-end data reports from New Jersey … Continue reading

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 59 Comments

Worst behind us?

From the NY Post: Here’s when US home price declines could end, Goldman Sachs says The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage … Continue reading

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

Hey 2010!

From Reuters: U.S. home sales slump to 12-year low; glimmers of hope emerging U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, National Real Estate | 90 Comments

Thorough, in-depth, housing forecast from smart Harvard guy.

From the NY Post: Why US home prices will fall another 10 percent, according to Harvard economist Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 134 Comments

Helping with the mortgage

From Yahoo Finance: Housing expert: ‘Sellers are absolutely having to negotiate’ Housing expert: ‘Sellers are absolutely having to negotiate’ It’s the same housing story across the U.S., according to real estate agents in three U.S. cities. Sellers are offering more … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 47 Comments

Home price gains continue to slow

From the WSJ: Home Prices Fell in October for Fourth Straight Month’ Home prices declined in October from the previous month as higher mortgage interest rates continued to weigh on home-buying demand. The S&P CoreLogic Case-Shiller National Home Price Index, which measures … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 208 Comments

Fed raises, mortgage rates flat

From Mortgage News Daily: Mortgage Rates Remain Near Recent Lows Despite Fed’s Rate Hike It’s often said here, but bears repeating: by the time the Fed officially announces a rate hike, that rate hike is old news and of no … Continue reading

Posted in Economics, Mortgages, National Real Estate | 95 Comments

Why not assumable loans?

From MarketWatch: How people bought homes in the 1980s when mortgage rates were 18% For all the similarities between the 1980s and today, there are key differences. One of them involves “assumable mortgages,” which were plentiful then and are in … Continue reading

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 166 Comments

The new inflation baseline

From the WSJ: Must Inflation Be Brought Down All the Way to 2%? “Why must inflation be around 2%?” is a question that obsessed central bankers back when inflation was stubbornly below their favorite target. It makes more sense to … Continue reading

Posted in Economics, Employment, Mortgages, Politics | 135 Comments

October housing market hit a wall

From Mansion Global: October Was a Spooky Month for the U.S. Housing Market Would-be buyers are turning their backs on the turbulent U.S. housing market in droves, according to new data released from Redfin on Monday.  The number of pending … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 66 Comments

Spread ’em

From the WSJ: Mortgage Rates Are High Because Nobody Is Buying Mortgages Bank of America Corp. BAC -1.69%decrease; red down pointing triangle gobbled up hundreds of billions of dollars of mortgage bonds during the height of the pandemic. But with rates rising, its buying … Continue reading

Posted in Mortgages, National Real Estate | 210 Comments

That was fast…

From CNBC: Mortgage rates fall sharply to under 7% after inflation eases Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 75 Comments

Nobody positive about NJ housing

From NJ1015: As interest rates rise, the NJ real estate market’s new twist Interest rates have already been raised several times this year by the Federal Reserve but what’s expected to be another big hike on Wednesday will push the … Continue reading

Posted in Economics, Mortgages, New Jersey Real Estate | 51 Comments