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Tag: mortgage rates

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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How Dodd-Frank Creates Low Mortgage Rates

How Dodd-Frank Creates Low Mortgage Rates

An amazing thing happened in Washington during the past week, something that positively impacts mortgage rates. A new report shows that the Dodd-Frank Act, a piece of 2010 legislation which the President and much of the Congress have vowed to emasculate if not completely overturn, actually works. The purpose of Dodd-Frank is to prevent another […]

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Flailing Money Markets Power Today’s Real Estate Prices

Flailing Money Markets Power Today’s Real Estate Prices

If you’ve looked at mortgage rates recently you might have noticed something interesting, money markets worldwide are making real estate financing costs lower than they were at the end of 2016. Not very much lower, but lower. As far as anybody knows the Federal Reserve is still poised to raise bank rates higher at several […]

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Legacy Foreclosures Hide Mortgage Successes

Legacy Foreclosures Hide Mortgage Successes

There’s no doubt about it, 2016 was a bright spot for foreclosures, the best year since 2006. The latest figures from ATTOM Data Solutions show that in 2016 there were 933,045 foreclosure filings of all sorts — default notices, scheduled auctions and bank repossessions. That’s down almost 14 percent from 2015. “The national foreclosure rate […]

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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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Are Higher Mortgage Rates A Certainty?

Are Higher Mortgage Rates A Certainty?

In theory it all makes sense. Mortgage rates are on the rise, a direct result of the Trump election victory. The reason is that if Trump can really spend $1 trillion or so on infrastructure improvements it means a huge boost to the economy. At the same time, since Trump wants to pay for such […]

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Will Trump Economy Derail Soaring Real Estate Prices?

Will Trump Economy Derail Soaring Real Estate Prices?

Real estate prices are on the rise and the result is that America’s homeowners are getting richer. You can see rising real estate wealth in several ways but will such good news continue in a Trump Economy? First, according to the National Association of Realtors, existing home prices in September reached $221,900, up 6.1 percent […]

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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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