Newsfeed: A 900% Jump in Hedging Costs Looms Over Commercial Mortgages
A fee on US commercial mortgages has surged so high that borrowers can’t ignore it and may not be able to afford it.
A fee on US commercial mortgages has surged so high that borrowers can’t ignore it and may not be able to afford it.
If you took out a mortgage over the last couple of years, there’s a good chance the holder of that loan is America’s central bank — a consequence of its monetary stimulus efforts throughout the pandemic.
Following March’s modest rise in Housing Starts and Permits, analysts expected reality to catch up with the homebuilder market in April (just as we saw in the NAHB sentiment survey slumping to 2 year lows).
All these curveballs will further fragment the housing market. Oh for the good old days of a nice, clean housing bubble and bust as in 2004-2011: subprime lending expanded the pool of buyers …
A new study by Lending Tree found Generation Z (ages 18 to 24) are purchasing homes in America’s least expensive “flyover” cities while barely entertaining homeownership in pricey coastal cities.
ARMs — which carry variable interest rates that reset based on the market at predetermined times — accounted for 10.8% of total home-loan applications …
US mortgage rates continued their near-vertical ascent, soaring to levels not seen since Jan 2019 at an almost unprecedented speed…
Despite the unexpected plunge in existing home sales, analysts expected new home sales in February to rebound modestly from January’s drop but they were wrong (again) as new home sales fell 2.0% (+1.1% exp) and worse still January’s 4.5% drop was revised drastically worse to a 8.4% plunge.
After unexpectedly plunging in January, pending home sales were expected rebound very modestly in February (despite both new- and existing-home-sales tumbling as mortgage rates soar).
The global economy had only just begun to recover from the pandemic when Putin decided to invade Ukraine, sending oil prices soaring.