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mortgage interest

This tag is associated with 38 posts

Important issues in real estate in 2023

The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” … Continue reading

Mortgage rates seem to have peaked

Rising mortgage interest rates have had a meaningful impact on real estate markets across the country. Consesus forecasts indicate some rate reductions later in 2023: Mortgage Rate Projections As you’ll see in my next post, this could allow some relief for the other issue that is holding market back right now — significant housing supply … Continue reading

Mortgage interest rates and the Fed

The Federal Reserve has been raising the Fed Funds rate this year, but mortgage rates don’t always follow. This look at history is worth seeing. Continue reading

What’s up with mortgage interest rates?

Mortgage rates are higher than we experienced in recent years. What to experts expect for the future? Here are some forecasts. Continue reading

Re-Post: Interest Rates

… frequent press reports about the Federal Reserve Board raising interest rates can cause confusion among concerned mortgage borrowers who don’t understand that the Fed has no direct control in the mortgage market … Continue reading

Interest Rates Rise

Well, here we go again …. Mortgage interest rates (30-year fixed rate loans) have been very low for a very long time  — mostly 5% or below since early 2009, and mostly 4% or lower since late 2011.  There have rumors periodically during each of those years that rates were about to rise.  We’re hearing … Continue reading

Interest rates going up?

Mortgage interest rates have been very, very low for most of 10 years now.  Rumors have come and gone many times that rates would increase soon, raising concerns among prospective home buyers, and sometimes spurring short flurries of purchases.  With news this week that the Federal Reserve has raised the “Fed Funds Rate,” we’ve already seen … Continue reading

More about interest rates — what can you buy?

Assuming reasonably healthy economic conditions in the U.S. and internationally, mortgage rates will eventually rise. Sellers will continue to sell, and buyers will continue to buy, in virtually any interest rate environment, and rate changes will impact both. It is worth understanding and planning for, though. Continue reading

All the talk about interest rates …

Last week the Federal Reserve raised the “Federal Funds Rate” after years of rumors that they would do so. The media got very busy discussing what that means for the economy, and for other interest rates that are important to consumers — including mortgage loans, but whether and when mortgage rate changes might happen has very little to do with the Federal Reserve Board. Continue reading

Mortgage rate future?

I encourage my younger friends and prospective homebuyers to assume that 3.5% will NOT be the long-term mortgage interest rate. We are living in trying economic times with many historically unusual pressures. This too shall pass, and rates will begin to rise. Continue reading