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Tag: Federal Reserve

Home Loan Size Hits New Record, Powered By Low Mortgage Rates

Home Loan Size Hits New Record, Powered By Low Mortgage Rates

Real estate lending is now in record territory, in large measure because of lagging mortgage rates. According to the Mortgage Bankers Association the average purchase mortgage is now $318,200, the highest level on record since the Association began tracking such data in 1990. The MBA data is important because it demonstrates the widespread willingness of […]

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Mortgage Rates Fall In 2017 — What’s Next?

Mortgage Rates Fall In 2017 — What’s Next?

Mortgage rates are down. That’s not a fantasy. They’re certainly not as low as last summer nor as far down as 2012 when we saw the lowest rates in 65 years, but they’ve dropped from recent highs and they may go lower. Ten-year Treasury notes are useful to follow because they generally move up and […]

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Mortgage Originations Expected To Fall In 2017

Mortgage Originations Expected To Fall In 2017

The mortgage marketplace is doing better than you think. Despite all the complaints about a “tight credit box” and processing delays, it turns out that Americans are doing pretty well in the financing department. Figures from the Mortgage Bankers Association estimate that lenders nationwide will originate mortgages worth $1.89 trillion this year, a big jump […]

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Are Mortgage Rates Set To Rise?

Are Mortgage Rates Set To Rise?

Mortgage rates are up. According to Freddie Mac, the cost to finance a home has gone from 3.48 percent at the end of June to 3.52 percent last week for 30-year loans with 20 percent down. Savvy readers will notice that rates have risen a total of .04 percent. For a $150,000 mortgage the difference […]

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Will The Presidential Election Create Higher Mortgage Rates?

Will The Presidential Election Create Higher Mortgage Rates?

Will mortgage rates rise or fall because of the election? Will either Trump or Clinton impact the rent we pay for real estate money? Since neither the president nor the federal government directly sets mortgage rates no candidate once elected can just sign a proclamation and directly cause interest levels to change. However, the election […]

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Does America Have A Mortgage Rate Hangover?
By September 26, 2016 0 Comments Read More →

Does America Have A Mortgage Rate Hangover?

Mortgage rates fell after last week’s decision by the Federal Reserve to keep bank rates both steady and low. The Fed’s inaction was hardly a surprise, it could not raise rates just before a presidential election and in an economy which remains iffy and fragile. The bigger question is how long low rates – including […]

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Mortgage Rates: Why The Fed Won’t Raise Interest Levels
By September 19, 2016 0 Comments Read More →

Mortgage Rates: Why The Fed Won’t Raise Interest Levels

Will mortgage rates keep rising? It’s not much of a question, given that rates have “soared” to 3.5 percent according to Freddie Mac. On Wednesday the Fed will announce whether or not it will raise bank rates. Here’s a clue: It won’t. And one by-product of such a decision will be less pressure on mortgage […]

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Mortgage Rates: Will The Fed End The Real Estate Recovery?

Mortgage Rates: Will The Fed End The Real Estate Recovery?

The Federal Reserve is at it again, threatening to once more raise bank rates. One consequence of such an increase could be rising mortgage rates and an end to the real estate recovery. Right now the housing market is recovering. July new home sales were up 31.3 percent when compared with a year ago. June […]

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Real Estate: Is A Bubble Coming?

Real Estate: Is A Bubble Coming?

Are we facing a housing bubble? After all, as of June existing home prices have risen for 52 straight months according to the National Association of Realtors. You have to wonder how long such a streak can continue. According to Realtor.com, “some folks these days are beginning to wonder whether the U.S. is seeing another […]

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Why Brexit Will Produce Record Low Mortgage Rates

Why Brexit Will Produce Record Low Mortgage Rates

The quick and easy way to see where mortgage rates are headed in the near term is to look at Treasury bonds. The rate for such securities reached 1.58 percent on Friday, down from 1.74 percent the day before, the day the British voted to leave the European Union. Around the world markets lost $2 […]

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