Category Archives: housing market

Builder Optimism + Affordability Higher

The Mortgage Corner Some good news is that rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, said the National Association of Home … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Housing Recovery Still Uneven

Financial FAQs Fresh data from real-estate website Trulia show that just 34.2 percent of homes have returned to the peak levels registered before the onset of the recession in 2008, reports Marketwatch’s Andrea Requier. What’s more, Trulia estimates it could … Continue reading

Posted in Consumers, Economy, housing market, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

Why Is Mortgage Lending Still Restricted?

The Mortgage Corner We can thank the Great Recession for most of it. Banks have become much more conservative, and builders are building approximately 50 percent fewer residences vs. the 2 million housing units at the height of the housing … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Low Inflation Boosts Housing Sales

Financial FAQs Existing-home sales are now accelerating to new expansion highs, says the NAR. Sales rose a very sharp 4.4 percent to a higher-than-expected annualized rate of 5.710 million. This is the best rate since February 2007. Both components show … Continue reading

Posted in Housing, housing market, Politics, Weekly Financial News | Tagged , , | Leave a comment

Return To Low Interest Rates Boosts Housing

The Mortgage Corner The conforming 30-year fixed rate mortgage is now 3.50 percent and the so-called Hi-Balance conforming 30-year fixed rate is 3.75 percent these days for a 1 percent origination fee. And this is what has kept the demand … Continue reading

Posted in Consumers, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

New Home Sales Surge, Existing Sales Not So Much

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000-annualized rate and is near the 600,000 top estimate of economists. Sales appeared to have gotten a boost from builder concessions as the median price fell … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

New Home Sales Surge

The Mortgage Corner New home sales shot 6.1 percent higher in February to a 592,000 annualized rate that easily beats the Econoday consensus for 565,000 and is near the top estimate of 600,000. Sales seemed to have a boost from … Continue reading

Posted in Consumers, Housing, housing market, Politics, Weekly Financial News | Tagged , , , | Leave a comment