One of these days, rates are going to matter. Today is probably not that day. But when we get close to 4%, then buyers are going to put on the brakes and expect sellers to do a little something for them, price-wise.
We can guess that close to none of the San Diego County homeowners in forbearance have less then 10% equity - heck, they've picked up that much since Christmas! http://www.mortgagenewsdaily.com/03082021_black_knight_mortgage_monitor.asp Yet, there is always doom on...
This is turning into the February mortgage-rate massacre, and there's no real end in sight. But home sellers aren't going to believe for weeks or months that they might have to back off their price, so don't expect any changes. To say that bond market volatility has...
If you are thinking of selling your house this summer, expedite your plans! Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point higher than they were last week. That means...
A simple one-day surge will only cause the few buyers who have a property right in front of them to hurry up and buy it. If rates continue into the 3s, it will affect everybody. Recovery prospects, renewed focus on stimulus, inflation concerns, a brighter covid...
Doubling in eight years, the number of local homeowners who have at least 50% equity is impressive. Those who are 55+ and anxious to take their property-tax basis with them to their new home can feel free to list their existing home for sale NOW, and close after April...
Health, unemployment, stairs, taxes, finances, politics.......selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking advantage of penalty-free forbearance periods offered by...
We know that the ultra-low mortgage rates and tight inventory have been driving the market wild. But here's an extra boost - the strict mortgage underwriting that began in April is being relaxed: Credit Loosening: According to the NFCI credit index, a composite...
Today we should see another all-time-low record in mortgage rates! What is the impact? Here's how it pencils: If we just go back to the 52-week high of 4.75%, you could borrow $808,000 and pay $4,215/mo. If you shopped around to get a 3.0% jumbo rate today, you'd pay...
From MND: Mortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 business days. Even so, today's underlying market movement might be a bit of a wake-up...
