Global and domestic economic concerns continue to drive down mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate. The Federal Reserve did not.
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Under this scenario, mortgage rates are expected to increase by 238 basis points, with a 49 percent drop in mortgage origination volume, a 14 percent decrease in home sales, and a 32 percent decline in housing starts. The specifics of when and by how much mortgage rates move in the near future are still uncertain.
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Mortgage rates rose rapidly today, almost completely erasing the improvement following last week’s Fed Announcement. This is especially ironic considering most major media outlets are running Freddie.
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· Inflation didn’t take off; bond vigilantes didn’t turn America (or any nation that borrows in its own currency) into Greece, Greece I tell you. What did happen was a significant change in what the usual suspects–the people who have been predicting soaring inflation and interest rates, year after year-.
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My Two Cents “My Two Cents” is a blog where I share my thoughts on everything related to real estate finance. From situations that come up on a daily basis to my views on the market as a whole, you’ll find useful information related to lending, home buying, and.
The best U.S. cities for house flipping House flipping more popular in Las Vegas than other cities – An estimated 7.7 percent of Las Vegas-area home sales in the second quarter were flips, compared to 5.2 percent of U.S. sales. and Atlantic City, New Jersey, at 7.9 percent. Attom, based in Irvine,FHFA: Fannie, Freddie will not require another bailout That is a shift from former fhfa acting director edward demarco’s focus on reducing Fannie and Freddie’s market share through limits set by its regulator. “Another way of stating. credit.
Mortgage rates to remain low After a quiet summer, volatility in financial markets has kicked up in recent weeks. Following the Brexit vote at the end of June, yields on the benchmark 10-year Treasury fell to a record low of 1.37 percent on July 5. rates bounced back and remained between 1.45 and 1.65 from mid-July through the beginning of.