Tag Archives: interest rates

2018 Housing Market To Stay Strong

The Mortgage Corner Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 … Continue reading

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Whither Go 2018 Interest Rates?

Financial FAQs The 10-year benchmark Treasury yield dropped 5.12 points yesterday, the biggest drop in 5 months, according to Marketwatch. It is hovering just above a 2.4 percent yield—which is why one can still obtain a 30-year fixed rate conforming … Continue reading

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Housing Market Is Booming!

The Mortgage Corner Both new and existing-home sales are highest since the end of the Great Recession, thanks to interest rates that are still at historical lows, and in spite of the Fed’s latest 0.25 percent rate hike. It looks … Continue reading

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Dear Fed—Please Don’t Raise Interest Rates Again!

Popular Economics Weekly The Federal Reserve FOMC meeting this week is expected to conclude with another 0.25 percent rate hike; but it’s happening at the wrong time.  This is the rate that controls credit card interest and the Prime Lending … Continue reading

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Our Housing Supply Is Catching Up (Revised)!

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of … Continue reading

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Is Our Housing Supply Catching Up?

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. HUD and … Continue reading

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Where Are the New Homes?

The Mortgage Corner There is a surging demand for new home that builders find hard to meet.  New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading

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