Mortgage rate Archives - The Real Estate Guys Radio Show

Newsfeed: Mortgage fees are changing for homebuyers next month. Here’s what you should know.

If you’re looking to buy a home, be aware that mortgages will change next month. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, down payments, types of home and more. The changes relate to credit scores and downpayment sizes.

Newsfeed: Mortgage fees are changing for homebuyers next month. Here’s what you should know. Read More »

Newsfeed: Today’s homebuyers have their mortgage rate tipping point, and it’s artificially low

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Today’s homebuyers are exceptionally sensitive to mortgage rates with house prices so high — and they’ve found their tipping point.

Newsfeed: Today’s homebuyers have their mortgage rate tipping point, and it’s artificially low Read More »

Newsfeed: Buyer Cancellation Rate At Top US Homebuilder Surpasses 2008 Levels

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The latest evidence that Fed Chair Jerome Powell’s most aggressive interest rate hikes in a generation and spiking mortgage rates might trigger a housing “reset” is the latest earnings report from KB Home, one of the nation’s largest publicly traded homebuilders.

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Newsfeed: Homebuilder Sentiment Slumps To Decade Lows, Longest Losing Streak On Record

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It appears homebuilders are really starting to wake up to what Fed Chair Powell has been preaching as NAHB sentiment tumbled to the lowest level since June 2012 excluding the onset of the Covid-19 lockdowns.

Newsfeed: Homebuilder Sentiment Slumps To Decade Lows, Longest Losing Streak On Record Read More »

Newsfeed: Mortgage rates fall sharply to under 7% after inflation eases

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Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields.

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Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates

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House prices are sliding, and sales are plunging as the Federal Reserve hits the pause button on quantitative easing this year with the most aggressive interest rate hikes in four decades to cool the red-hot housing market spurred by low interest rates and tight inventories during the pandemic.

Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates Read More »

Newsfeed: ‘The real mortgage rate is a negative number.’ As inflation stubbornly remains high, do current mortgage rates look better than they seem?

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I write about mortgage rates every week, but recently, I’ve heard some sources chattering about what’s called the “real mortgage rate.” In a nutshell, this is the interest rate on mortgages minus the current inflation rate. “With inflation running so high right now, even though mortgage rates have risen, the real mortgage rate is a negative number,” says Kate Wood, home expert at NerdWallet. When the CPI was at 9.1%, for example, “if you had a mortgage with a 5% interest rate, your real mortgage rate is -4.1%,” she says. (See the lowest mortgage rates you can get here.)

Newsfeed: ‘The real mortgage rate is a negative number.’ As inflation stubbornly remains high, do current mortgage rates look better than they seem? Read More »

Newsfeed: Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities

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Depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In New York City, for example, a person needs to be making at least six figures to buy a home, but in Cleveland you could do it with just over $45,000 a year.

Newsfeed: Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities Read More »

Newsfeed: The Fed’s housing market ‘reset’ has us in a housing correction. Here’s what to expect next

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Through the first 24 months of the pandemic, U.S. home prices soared 38.5%. In some markets, like Phoenix and Dallas, home prices grew by more than 50%.

Newsfeed: The Fed’s housing market ‘reset’ has us in a housing correction. Here’s what to expect next Read More »

Newsfeed: David Stockman on Why the Great Reckoning Has Begun

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Well, that should have been a wake-up call. The 30-year mortgage rate soared by 24 basis points recently to 6.18%. So the latter now stands at well more than double the 2.65% rate which prevailed just 18 months ago in January 2021, and at the highest level since the tail end of the Great Financial Crisis in 2009.

Newsfeed: David Stockman on Why the Great Reckoning Has Begun Read More »

Mortgage rate

Newsfeed: Mortgage fees are changing for homebuyers next month. Here’s what you should know.

Newsfeed: Today’s homebuyers have their mortgage rate tipping point, and it’s artificially low

Newsfeed: Buyer Cancellation Rate At Top US Homebuilder Surpasses 2008 Levels

Newsfeed: Homebuilder Sentiment Slumps To Decade Lows, Longest Losing Streak On Record

Newsfeed: Mortgage rates fall sharply to under 7% after inflation eases

Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates

Newsfeed: ‘The real mortgage rate is a negative number.’ As inflation stubbornly remains high, do current mortgage rates look better than they seem?

Newsfeed: Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities

Newsfeed: The Fed’s housing market ‘reset’ has us in a housing correction. Here’s what to expect next

Newsfeed: David Stockman on Why the Great Reckoning Has Begun

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