Does this mean mortgage rates will get into the mid-2s? Probably not - the 10-year yield hasn't moved much, and mortgage lenders are slow to match any declines. But we could see 2.75% this week! The Federal Reserve announced an emergency rate cut Tuesday of half a...
Mortgage rates officially hit all-time lows this morning. Even so, it continues to be the case that Treasury yields (often referred to as the basis for mortgage rates) are falling much faster. That's because Treasuries aren't actually the basis for mortgage rates. ...
The MND's survey above are today's rates with no points, which means that homebuyers who are willing to pay a point or so will be getting a mortgage rate starting with a 2! While there is certainly a big concern about the coronavirus affecting the world economy - and...
Mortgage Amount 30-Yr Rate Monthly Payment $540,000 9.0% $4,345 $688,000 6.5% $4,349 $810,000 5.0% $4,348 $885,000 4.25% $4,354 $1,000,000 3.25% $4,352 The same buyer who qualified for a $810,000 loan amount just 15 months ago can now borrow $1,000,000 and get the...
Splitting up the price index by tiers does give us a better read on which segments are hotter......and interesting to see that the higher-end has been cooking lately: Black Knight, in the current edition of its Mortgage Monitor covering December mortgage performance...
More evidence of how are sales and pricing have been flat this year, in spite of lower rates: NSDCC 3rd Quarter Sales Year # of 3Q Sales Median SP Median DOM 2013 884 $975,000 24 2014 753 $1,050,000 27 2015 850 $1,025,000 23 2016 822 $1,175,000 22 2017 798 $1,250,000...
Hat tip to Matthew for a great piece on mortgage rates: Mortgage rates have risen rather abruptly from their long term lows 2 weeks ago and are now at the highest levels in more than a month. Fortunately, the average lender is still easily able to quote rates in the...
Mortgage rates are are extremely favorable, and should slide a bit further next week. How much lower could they go? Below is a link to an article that compares today to 2011/2012 - an excerpt: If we merely match 2011's performance, the current rally could last almost...
If Ivy said it, it must be so! P.S. 10-yr bond yield down to 1.54%: While Wall Street panics about falling rates, Main Street is benefiting, especially in the housing market, according to housing guru Ivy Zelman. She says every quarter-point cut in mortgage rates is...
Now we're talking! Thanks Richard. A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark's third-largest bank, said this week that customers would now...
