Downing Street is exploring the idea of trying to tackle the housing crisis with ultra-long mortgages of up to 50 years that could pass between generations, allowing more people to build up equity rather than pay rent. Mortgage experts said …
by confoundedinterest17 Slippin’ Into Darkness! Despite what Biden and his muppets say, there is a good chance that the US will slip into recession over the next 24 months. And with that, we are seeing a slight drop in US mortgage …
#Update:San Francisco: Mortgage payments on a typical home are now $8,117 per month. Up 52.8% in one year. San Jose: Mortgage payments on a typical home are now $9,136 per month. Up 57.1% in one year. Source: @zillow — scott …
by Boo_Randy Once again, the central bankers have blown insane speculative housing bubbles. Once again, millions of “homeowners” will end up losing “their” houses to foreclosure. Once again, our captured political class will force taxpayers to bail out the banks …
by Boo_Randy Just when you think the Keynesian fraudsters at the central banks couldn’t possibly be any more reckless and irresponsible with their monetary malpractice, they go and prove you wrong. The BoE, after blowing one of the most insane …
Millions of homeowners face mortgage misery after interest rates jumped for the fifth month in a row to a 13-year high of 1.25 per cent, which is this is the fastest that rates have risen over a six-month period since …
by SilverBoatSurfer Mortgage Rate Hit 6.28% Today. Real Estate Market About to Get Interesting. Property prices PLUNGE by up to 20% across parts of US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates Wait for it: here …
30-year mortgage has doubled since January thanks to Biden’s “Build Back Better”. I’m sure Biden will figure out how to blame Putin for this. My first home I purchased in 1991 had a 6% interest I believe. My last home …
by confoundedinterest17 Up, up and away in our inflationary balloon! Regular gasoline prices have breached the $5 a gallon barrier, the highest in recorded history. And it is even worse in states like California where regular gas prices have been above …
by Shanobido47 Watch Heise says here https://www.news.com.au/finance/economy/interest-rates/sydney-couple-with-840k-mortgage-fear-difficult-financial-impact-of-interest-rate-rise/news-story/c8d0bd34a7213eaa30c469f238befdce Read Article here https://www.macrobusiness.com.au/2022/03/its-official-sydneys-house-price-boom-has-gone-bust/ Read more here
Jason Hartman interviewed by Jason Burack of Wall St For Main St Jason Burack of Wall St for Main St interviewed returning guest, real estate expert, successful real estate investor and real estate investing educator, Jason Hartman https://www.jasonhartman.com/ For a 30-year, fixed-rate mortgage, the …
by Dsomething2000
by confoundedinterest17 This is not the legacy that will endear President Biden to voters. Regular gasoline prices have risen 101% under Biden. But it not just gasoline and diesel that are soaring (while the rest of us are sore!), CRB Foodstuffs …
by confoundedinterest17 Instead of President Ronald Reagan saying ““Mr. Gorbachev, tear down this wall” we need someone to tell President Biden and Federal Reserve Jerome Powell to “Stop driving up prices and making housing unaffordable.” Unfortunately, The Fed thinks that raising …
by confoundedinterest17 Heartaches By The Number … for American households and mortgage lenders as The Federal Reserve begins FINALLY removing monetary stimulus. Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …
https://twitter.com/leadlagreport/status/1531438312321335297
by Boo_Randy The bursting of Housing Bubble 2.0 is going to vaporize trillions in fake wealth created by central bank funny money. Got popcorn? https://www.macrobusiness.com.au/2022/05/mortgage-meltdown-torches-new-zealands-housing-market/ The latest mortgage data from the Reserve Bank of New Zealand (RBNZ) paints a worrying …
by confoundedinterest17 US mortgage rates are up slightly this morning. Bankrate’s 30-year mortgage rate survey is up to 5.29%. The Biden Scorecard is still a bleak one (for non-elitists). Regular gasoline is UP 92% under Biden, Diesel fuel is UP 110%, …
by confoundedinterest17 As The Federal Reserve tries to fight inflation (it can’t thanks to Federal energy policies and bottlenecks), it is causing a disconnect between mortgage current coupon rate and the MBS index coupon. The disconnect is so bad that it …
by confoundedinterest17 US home prices were growing at a near 20% YoY rate for the latest Case-Shiller National home price index report. But mortgage rates have soaring like a SpaceX missile shot. The result? Closed sales for April 2022 are down -9.5% …
If you took out a mortgage over the last couple of years, there’s a good chance the holder of that loan is America’s central bank — a consequence of its monetary stimulus efforts throughout the pandemic. Why it matters: The Fed …
by Boo_Randy The housing bubble busts in the hottest markets like Australia and New Zealand, where people borrowed as much as 11X their income due to insanely overpriced housing, are going to be spectacular. Got popcorn? https://www.news.com.au/finance/economy/interest-rates/500000-aussies-facing-mortgage-cliff-as-ultralow-fixedrate-terms-wind-down/news-story/c12c6a483498468ee017a48dba58d37d Hundreds of thousands …
by confoundedinterest17 I feel like we are in an economic demolition derby under Joe Biden and The Federal Reserve (with freshly reappointed Fed Jerome Powell at the helm). Under Biden, regular gasoline prices are UP 85%. The Biden Administration recently cancelled 0il-and-gas …
Crypto losses now equal $1.7 trillion. The 2007 subprime mortgage market was $1.3 trillion. It's highly likely that Crypto will be the catalyst for accelerated global collapse. Weekend risk is HIGH. pic.twitter.com/4Ewo73uTeg — Mac10 (@SuburbanDrone) May 12, 2022 https://twitter.com/JTSEO9/status/1524881896362188801 A …
Nearly 14 years after the last housing bubble burst, inflated property values are about to face a brutal drop as rising mortgage rates and worsening affordability cool off the boom that sent home prices up by a staggering 34% over …
by confoundedinterest17 The Freddie Mac 30-year mortgage rate is rising faster than a SpaceX moonshot! I’m telling your now that The Fed is killing the dreams of millions of Americans by pricing them out of the housing market. Home price growth is …
by confoundedinterest17 Yes, homebuyers are jumping into a generally slowing housing market to “beat the heat.” That is, beat The Fed’s monetary tightening. Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …
Mortgage technology firm cites rising rates, falling refinance applications for cuts. Blend Labs Inc., a mortgage technology company based in San Francisco, laid off 10% of its workforce this week, citing efforts to “improve cost efficiency and better align its …
by BoatSurfer600 Source: https://money.yahoo.com/mortgage-rates-hit-highest-housing-163507651.html