This post originally appeared on businessweek.com The refi boom may be coming to an end. Since the Federal Reserve began pushing down rates in early 2009, refinancing has accounted for more than half of all new mortgages and in some periods has represented almost 80 percent of all new loans. Now, with the economy slowly […]
This post originally appeared on Realtor.com. Closing day is the most exciting day in the home-buying process. The long journey is finally over, and you will sign your papers and get your keys. Once you’ve been told that your home mortgage has a closing date, you may want to move in immediately. But while most […]
This post originally appeared on the Economist’s Outlook Blog. Did You Know: Inventories are declining at a slower pace, but unless inventories grow, demand for housing will keep the pressure on prices and the balance of the market in favor of sellers.
This article was originally written by Teresa Boardman and published in Inman News. The market has indeed shifted. But this isn’t anything like the shift that happened when the housing market crashed, and we entered the Great Recession and housing depression. This market shift had been a positive experience. Prices are rising, but are well […]
This post originally appeared in CNBC. Worries the Federal Reserve may begin to slow its stimulus efforts sent mortgage rates last week to their highest level in a year, drying up demand for home refinancings, data from an industry group showed on Wednesday. The Mortgage Bankers Association said interest rates on fixed 30-year mortgage rates […]
This post originally appeared in Economists’ Outlook Blog. FHFA (Federal Housing Finance Agency) price data shows that home prices across the United States rose 6.7 percent from the first quarter of 2012 to the first quarter of 2013. In 41 states and the District of Columbia prices were higher than the fourth quarter of 2012, […]