Capital Economics

Fannie Mae Says Interest Rate Hike Won’t Be Until June 2017

Today’s News Synopsis: Fannie Mae said it will likely not be until June of next year when we see an increase in interest rates.  The Mortgage Bankers Association reported a 1.3% decrease in mortgage applications from last week.  Freddie Mac reported those 55 and older, which make up 1/4 of the population, are moving away …

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Builder Confidence Rose Two Points This Month To 60

Sources: Commercial/Multifamily Mortgage Debt Outstanding Continues Strong Growth Applications for New Home Purchases Decrease in May Foreclosure Rate Falls to New Post-Crisis Low Mortgage Applications Decrease in Latest MBA Weekly Survey Real estate investors passing over U.S. to find good deals in Europe NAR survey shows how college, student debt affect homeownership Airbnb Adds $1 …

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Vacancies for U.S. Apartments Showing Signs of Increase

  Today’s News Synopsis:   The Mortgage Bankers Association reported a total decrease of 27% for mortgage applications over the last two weeks.  At the same time, vacancies for apartments in the U.S. are continuing to show signs of increase.  In their latest settlement, JPMorgan has agreed to pay $48 million to cover costs of robosigning. …

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Yields by the Treasury at their Highest in Five Years

Sources: November home sales and price report Builder Confidence Edges Down One Point in December Single-Family Starts Reach Seven-Year High in November Morning Briefing: This age group makes up most US renters (and it’s not millennials) Why is the Gap for Risk Between First-Time and Repeat Homebuyers Widening? FHFA Proposed Rule On Fannie Mae & …

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Increase in home prices seems to be a hot topic for policy debates

    Sources: Pending home sales decline 1.4% in August Consumer Spending Gain Shows U.S. Is Weathering Global Slowdown U.S. mortgage delinquency rate sees biggest drop since 2011 CoreLogic: Cash sales in June drop to 31% Residential construction spending rises in August Freddie Mac: Mortgage rates below 4% ten weeks straight Morning Briefing: Shale towns …

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Despite Positive Forecast, Whether Housing Starts Will Return to Pre-Recession Levels is Still Unknown

      Sources: Foreclosure activity hits 19-month high on rise in REOs Number of Properties With Equity Is Rising While Total of Underwater Homes Declines Builder Confidence Hits Yearly High in June Fed announces benchmark rate Banks penalized for rushed foreclosures TRID effective date pushed back to October Riverside: New drought rules restrict outdoor watering …

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New Minimum Requirements for Appraisal Agencies Just Issued by Six Finance Agencies

      Sources: Delinquencies hit lowest rate in years Homeownership Down Below ’90s Levels; Vacancy Rate Little Changed Index for Pending Home Sales Hits Two-Year High Double-digit gain in annual pending home sales suggests market will continue its upswing coming months, C.A.R. reports American Enterprise Institute: Freddie, FHFA loans getting riskier Americans less optimistic …

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Increase in Non-Revolving Debt Leads to More Consumers Borrowing Money

  Today’s News Synopsis: The Mortgage Bankers Association reported the amount of mortgage credit that is available increased last month by 2.3% to 12.  In addition, consumer credit or the amount of money borrowed by consumers, increased in February with the increase in non-revolving debt.  CoreLogic reported the increase in home prices was slower month-over-month …

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Homeowner Expectations Exceed Appraisers’ Regarding Home Values

    Today’s News Synopsis: Foreclosures declined by 33.2% in January according to the latest CoreLogic Foreclosure Report.  Home prices increased that same month by 1.4%, although this increase is not expected to last.  The opinions of appraisers regarding the value of homes was lower than homeowner expectations by 0.13%. In The News: DS News …

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