Mortgage Rates Will Come Down, It’s Just a Matter of Time

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power […]
http://dlvr.it/Sd6k0W

Comments

Post a Comment

Popular posts from this blog

#ForBuyers #ForSellers #HousingMarketUpdates #BuyingMyths Experts Project Home Prices Will Rise over the Next 5 Years: Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. http://dlvr.it/SzgmjG

Image
#ForBuyers #ForSellers #HousingMarketUpdates #BuyingMyths Experts Project Home Prices Will Rise over the Next 5 Years: Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. http://dlvr.it/SzgmjG /> http://dlvr.it/Szgmz4
Read more

Strong Start Hit by ISM, But Shaking Off Weakness

Image
Bonds rallied nicely in the overnight session and extended the gains in the first few hours of domestic trading.  The ISM Services data came in just a bit higher than expected with the employment component quite a bit higher.  Bonds gave up some of their overnight gains, but have been pushing back nicely as the day progresses.  The rebound has been enough to get 10yr yields back under the 3.99% technical level (or 3.98% or 4.0% depending on your preference). Note the good show of support at the 4.08 technical level yesterday.   Here's how the progress looks in 5.5 MBS: http://dlvr.it/SkKPRS
Read more