by Shaun Richards It has been an extraordinary few days with the Bank of Japan intervening to support the Yen and then the pressure switching to create something of a sterling crisis. But if we step back we see that …
by silvertomars https://www.ft.com/content/68105770-f158-4b44-a8c6-b026574e89e1 The borrowing costs of the UK are exploding… the UK 10y yield (purple) has almost caught up with Greece (red) and Italy (light green)… and if you can lose more than the entire annual yield overnight in …
by confoundedinterest17 Biden’s green energy policies (limiting supply) caused a tremendous surge in energy prices and food prices (one has to pay to get food shipped!). But in order for The Fed to cool inflation, they are in the process of …
by Boo_Randy The housing market is f*#ked. Once again, millions of people are going to end up losing “their” house to the Fed’s private equity accomplices. Once again, the banksters who recklessly lent to the non-creditworthy to buy houses they …
Mortgage applications to purchase a home squeezed out a gain of 0.2% from the previous week, but were 29% lower than the same week one year ago. There was a bump up in demand for Veterans Affairs and USDA loans, …
by confoundedinterest17 Is it sundown for housing and mortgage markets with Fed quantitative tightening (QT)? Freddie Mac’s 30-year mortgage commitment rate just rose to its highest level since … The Fed initiated Quantitative Easing (aka, fanatical money printing) during the financial …
by BoatSurfer600 Citi plans to expand a program that aims to eliminate key barriers to homeownership in diverse communities, particularly with regard to cost and affordability. The firm is also launching two new pilots aimed at giving more credit access …
by confoundedinterest17 The Federal Reserve drives me crazy! Thanks to Federal Reserve increases in their target rate, the 30-year mortgage rate has risen above 6%. What drives me crazy about The Fed is their failure to removed monetary stimulus following …
by confoundedinterest17 Mortgage application volume dropped and remained at a multi-decade low last week (back to 1997), led by an 8 percent decline in refinance applications, which now make up only 30 percent of all applications. Purchase applications have declined in eight of the …
by confoundedinterest17 As inflation burns the US middle class and low wage workers, The Federal Reserve reaffirmed at Jackson Hole that they are the NEW Smoky The Bear (only The Fed can fight inflation fire!) But of course, Federal spending and …
by Boo_Randy These “experts” get their paychecks from the real estate industry – an industry of dissemblers whose motto is “Always Be Closing.” In 2006-2007 these same “experts” denied the existence of a housing bubble, then said the crash was …
by confoundedinterest17 Baby, let me take you home is getting more difficult as mortgage rates approach 6%. The National Association of Realtors’ Homebuyer Affordability Index for fixed-rate mortgages is now at the lowest reading since 2006 and the peak of the 2005-2007 …
by confoundedinterest17 We have the achy-breaky Fed. The Federal Reserve is facing an interesting problem. On the one hand, they vow to fight inflation by raising their target rate. At the same time, the probability of a recession in one year …
The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago, …
by confoundedinterest17 Under President Biden, inflation has soared and The Federal Reserve claims that they want to extinguish the inflation fire by tightening monetary policy … resulting in rising mortgage rates. Under Biden, mortgage purchase applications are DOWN -41.5% while …
The Forbes mortgage refinance calculator is a great way to get an estimate of how much money you could save by refinancing your mortgage. To use the calculator, you’ll need to know the following information. Your Current Monthly Mortgage Payment To determine …
Total mortgage demand hits 22 year lows. Yes that’s lower than 2008 pic.twitter.com/5Ke54ouwqC — QE Infinity (@StealthQE4) August 17, 2022 Bulls, the Fed minutes said the same thing this time as they said every other time this year. They are …
by silvertomars Housing today is less affordable than at the housing bubble peak of 2006… either interest rates will have to come down a lot or real estate prices will have to come down substantially… “Builder confidence fell for the eighth …
by confoundedinterest17 Mike Lea and I wrote a paper entitled “Do We Need The 30yr FRM (Fixed-rate Mortgage)”. We argue that millions of Americans would benefit from an adjustable-rate mortgage like the 5/1 ARM for a host of reasons. One good reason for …
by confoundedinterest17 After mortgage rates topped 6%, they settled back down with the global economic slowdown, but are on the rise again. Bankrate’s 30-year mortgage rate index rose to 5.57% after rising above 6% in June 2022. Mortgage rates are up …
by confoundedinterest17 After breaking the 6% barrier back in June 2022, Bankrate’s 30-year mortgage rate has backed-off to 5.28% despite Federal Reserve rate hikes. The reason for the decline in the US Treasury 10-year is, amongst other things, a global …
by confoundedinterest17 Sink the mortgage market! As The Federal Reserve tries to fight inflation, US mortgage rate have jumped to over 6% … but have declined to 5.57% today. Mortgage purchase applications are falling as The Fed’s prospects of rate …
by goldenloi Source: https://www.newyorkfed.org/markets/ambs_operation_schedule If inflation was such a concern and markets are so healthy, why are they still doing this? Keeps housing values propped up at the expense of those who currently don’t own real estate. I don’t know about …
by confoundedinterest17 Everything is NOT beautiful for the mortgage market. In fact, the 30-year mortgage rate is up 99% since Biden took office as President. Mortgage rates are rising in part thanks to The Federal Reserve trying to control inflation (caused …
by confoundedinterest17 We are going down this road, feeling bad. As The Fed Reserve prepares to raise their target rate in a week by 75 basis points to 2.50%, the NAHB Home Builder’s confidence index plunged. The 30-year mortgage rate is …
It is spreading like wildfire. Homebuyers in China are refusing to pay the mortgage on properties they’ve bought but that their financially strapped developers can’t finish. Some say that they will only resume payments when construction restarts. The protest involved …
by confoundedinterest17 Mortgage rates are falling … to pieces. Along with the US economy. As the US approaches recession and the Atlanta Fed real-time GDP tracker falls to -1.9%, we are seeing mortgage rates falling to 5.30%. Real Q2 GDP? Still in …
by confoundedinterest17 Biden’s new campaign theme for the midterms: economic darkness, darkness. Well, this is one way to get inflation under control … crash the economy. And inflation fears growing, we are seeing mortgage rates declining and mortgage applications increasing. Mortgage applications …
by Boo_Randy Aussie f**ked borrowers who failed to see that interest rates were bound to rise are well and truly schlonged. These fools bought into one of the world’s most insane speculative housing bubbles – now it’s starting to dawn …
