Market
Rates Surprisingly Steady Despite Market Drama; Home Price Gains Break 6 yr Record
Like many industries, housing finance has a superficial layer that’s fairly easy to understand for the average consumer. A person wants a home. They don’t want to pay cash. They get a loan. Lower rates = lower payments. The end. Shortly below that superficial layer of understanding, where a surprisingly high percentage of mortgage professionals […]
Resort and Second Home Real Estate Market Trends
These slides were presented by Gay Cororaton at the virtual Resort and Second Home Committee meeting on November 6, 2020, during the 2020 REALTORS® Conference & Expo. www.nar.realtor – Vacation, Resort, and Second Homes
Mortgage Rates Mostly Flat Despite Stronger Bond Market
Posted To: Mortgage Rate Watch Mortgage rates are mostly determined by the trading levels of mortgage-backed bonds on the open market. When those bonds improve, mortgage rates move lower, all other things being equal. For a variety of reasons, that typical relationship has been hit and miss on any given day since the pandemic began. […]
2018 Resort & Second-Home Market Issues
An update on current resort and second-home market issues provided by NAR’s Advocacy Group. www.nar.realtor – Vacation, Resort, and Second Homes
Rates Remain Steady as Market Volatility Dies Down
After rising at a medium-quick pace to begin the week, the past 3 days have been much calmer by comparison for mortgage rates . Today was the best example of that stability with the average lender effectively unchanged from yesterday’s latest levels. In addition, there were fewer mid-day price changes among lenders than on any […]
Rates Ignore Trump’s Covid Diagnosis. Has The Bond Market Gone Crazy?
After weeks of incredibly subdued volatility, the bond market (which dictates rates) is starting to show some signs of life, but not for the same old reasons. Inflation? Inflation is one of the oldest and most significant reasons to freak out about interest rates. It was by far and away the dominant source of drama […]
Forbearances Ending at a Faster Pace; Rates Drift Lower; Refi Market Still Hot
Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 357,000 loans. It was the fifth straight week of improvement and Black Knight noted […]
Manhattan rental market plunges, leaving 15,000 empty apartments in August
Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely. Although rental prices have come down, the discounts are not steep enough yet to lure new renters back to the city….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to […]
New Refinancing Fee Could Roil Mortgage Market
New Refinancing Fee Could Roil Mortgage Market This fee could cost homeowners thousands of dollars, which will destabilize the market and take away opportunity. Media Contact: Patrick Newton 202-383-1290 Fannie Mae & Freddie Mac (GSEs)