The underlying root cause of the slowdown is a lack of affordable homes for sale. higher home prices and rising mortgage rates have increased the size of the monthly mortgage payment needed to buy a median-priced home by anywhere from 7 to 26 percent over.
The number of U.S. borrowers seeking a home loan fell to a one-month low amid concerns about the growing trade tension between China and the United States and its impact on the economy, the Mortgage Bankers Association said on Wednesday.. Those worries have put downward pressure on home borrowing costs, which were not enough to rekindle interest for potential home buyers and current homeowners.
Mortgage Rate Trends: Holding At Multi-Year lows. mortgage rates are still holding at or near 36-month lows. Brexit drama continues to be a factor in the low rates, but some market watchers believe that we’re about to see the first increase in rates soon, if for no other reason than what’s termed "bond market weakness" that could be an indication things are about to change soon.
MBS RECAP: More Warning Shots From Bonds Mortgage Rates Steady at 4-Year Highs Despite warning shots; mortgage Rates Steady at 4-Year Highs Despite Warning Shots. More issuance (i.e. more "supply") creates lower bond prices and higher rates (prices and rates move inversely).. mbs recap: tame, Abbreviated Trading Session.
www.davidgotterup.com Mortgage Rates Hold Ground Despite Bond Market. Despite the nearness to multi-month highs, the overall rate range has been exceptionally narrow for most of 2014. The highest highs have only barely crested 4.5% while the lowest lows arguably didn’t get below 4.25% for.
The Celde Realty Team, Allen, Texas. 519 likes. We provide expertise, knowledge and guidance for our clients needing to buy/sell or lease a home.. Mortgage Rates Hold Steady After Last Week’s Big Drop. Following their biggest drop in a decade, mortgage rates remain at multi-month lows-and.
The Australian dollar receives a boost as traders price in more aggressive Fed rate cuts – The Australian dollar rebounded on Friday after falling to fresh multi-month lows against the. Fed will cut its funds rate by at least 25 basis points before the end of the year, weighed on the US.
Homebuyers are being ripped off by over 1,000 due to misleading mortgage rates Homebuyers are being ripped off by more than 1,000 due to misleading mortgage rates. There are certain red flags that will make lenders less likely to give you money – here are the 10 main reasons. If you’re wondering how to apply for a mortgage and boost your chances of getting accepted, check out our guide.
Mortgage Rates Hold Ground at Multi Month Lows Aug 12 2015 Mortgage rates were lower at first today, but most lenders sent out negative reprices in the afternoon, bringing rates back to unchanged levels. The bond markets that underlie mortgage rate movement continued taking cues from global volatility surrounding yesterday’s big news out of China.
Pros and cons of different types of homes One of the most popular ways to buy a home with no money or very little is by taking advantage of the VA home loan products. arguably the biggest benefit to VA loans are the no money down options they offer. Other type of mortgage products require a buyer to supply a percentage of a homes purchase price to be used towards a down payment.