Category Archives: Mortgages

At the top now?

Posted on May 27, 2022 by grim

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…

Posted on May 7, 2022 by grim

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

Posted on April 10, 2022 by grim

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

Posted on April 6, 2022 by grim

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

Posted on March 28, 2022 by grim

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?

Posted on March 18, 2022 by grim

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

Posted on March 15, 2022 by grim

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

Posted on February 14, 2022 by grim

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

Posted on January 3, 2022 by grim

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

Posted on December 23, 2021 by grim

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?

Posted on September 16, 2021 by grim

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.

Posted on September 9, 2021 by grim

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

Mortgage company CEO wants tax break so he can write more mortgages

Posted on October 14, 2019 by grim

From Marketwatch: Opinion: This tax break for first-time home buyers could keep the housing market afloat It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 101 Comments

Fewer options for rent controlled areas

Posted on September 16, 2019 by grim

From HousingWire: Trump’s housing-finance plan aims to curb GSE lending in areas with rent control Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. You too, New York and Oregon. When Treasury released its housing finance … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Politics, Unrest | 84 Comments

Insanity

Posted on August 25, 2019 by grim

From HousingWire: Appraisals may soon not be required on certain home sales of $400,000 and under Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase … Continue reading →

Posted in Economics, Foreclosures, Housing Bubble, Mortgages, National Real Estate | 44 Comments