mortgage credit

Surprisingly Strong

Today’s News Synopsis: Home buying demand amidst job loss and Covid-19.  Mortgage rates remained flat with 30-year rates now at 3.33% and 15-year rates at 2.77%.  The amount of mortgage credit available decreased to its lowest in 5 years. In The News: Freddie Mac – “Mortgage Rates Remain Flat” (4-9-2020) “Freddie Mac (OTCQB: FMCC) today released the …

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Go Big Or Go Home

Today’s News Synopsis: Why can’t we build small affordable houses?  CoreLogic reported 3.7% of mortgages were delinquent, down from 4.1% last year to historically low levels.  The coronavirus is leading to a deep dive in real estate stocks, and business is not normal for agents right now. In The News: Curbed – “Why we can’t build …

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Not So Much

Today’s News Synopsis: Are homes still selling above list price?  Mortgage rates decreased for the third week in a row with 30-year rates now at 3.45% and 15-year rates at 2.97%.  According to ATTOM Data Solutions, U.S. Homeowners are four times more likely to be equity-rich than underwater. In The News: Freddie Mac – “Mortgage Rates …

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Where’s My Flying Car?

Today’s News Synopsis: The future is now.  The Mortgage Bankers Association reported the amount of available mortgage credit decreased in December by 3.5% to 182.2.  In almost 50% of the markets in the U.S., it is more affordable to rent than buy, and they all have one thing in common. In The News: HousingWire – “The …

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Nope, At Least According To This Report

Today’s News Synopsis: Will Millennials ever stop renting?  Mortgage rates held steady this week with 30-year rates at 3.68% and 15-year rates at 3.14%.  The amount of available mortgage credit increased last month by 2.1%. In The News: Freddie Mac – “Mortgage Rates Hold Steady” (12-5-2019) “Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market …

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Boomers Upsizing in Retirement

Today’s News Synopsis: Forget aging in place.  Which housing markets have the highest share of seriously underwater properties?  The amount of mortgage credit availability increased in October by 0.9% to 185.1. In The News: ATTOM Data Solutions – “Top 10 Housing Markets with Highest Share of Properties Seriously Underwater” (11-12-2019) “ATTOM Data Solutions’ new Q3 2019 …

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Coldwell Banker, Sotheby’s and Century 21 among them

Today’s News Synopsis: Realogy launches new, improved iBuyer platform for some of their brands.  Although mortgage delinquencies as a whole are at a 20-year low, 4 states reported an increase.  Which could they be?  Which metro areas in the nation are the most affordable and family-friendly places to live? In The News: Inman – “Realogy launches …

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Quiet On the Set! Oh Wait, We Don’t Even Have An Office

Today’s News Synopsis: Commercial spots are all the rage in Hollywood…too bad there’s not many available.  Freddie Mac reported mortgage rates went up this week with 30-year rates now at 3.56% and 15-year rates at 3.09%.  The amount of available mortgage credit decreased last month by 3.9%. In The News: Mortgage Bankers Association – “Mortgage Credit …

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Is It Worth The Premium To Sell To iBuyers?

Today’s News Synopsis: Sellers pay a price for convenience.  Mortgage rates saw a tremendous decrease in the latest Freddie Mac survey with 30-year rates now at 3.6% and 15-year rates at 3.05%.  Foreclosure filings decreased 18% from last year, coming in at 296,458. In The News: Freddie Mac – “Mortgage Rates Drop Significantly” (8-8-2019) “Freddie Mac …

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Can You Match The Demand To The Supply? Apparently Not In This Market

Today’s News Synopsis: The biggest thing pushing buyers out of the market is an uneven match between housing supply and buyer demand.  The amount of mortgage credit available increased last month by 0.2% to 189.8.  Meanwhile, CoreLogic reported delinquency rates were at their lowest in 20 years as of April. In The News: Inman – “Wither …

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