The average 30-year fixed-rate mortgage reached 7.8% this week – the highest level since 2000. October 7, 2023 8:28 pm
Mortgage Rates continue to skyrocket! At this rate homes will drop by 32% or more! October 2, 2023 3:11 pm
Freddie Mac’s 30Y Rate Rises To 7.31%, Highest Since Dec 2000, 10-year Treasury Yield Up To 4.67% (Mortgage Rate Up 69% Under Biden) September 28, 2023 5:31 pm
Slippin’ Into Darkness Under Bidenomics! US Pending Home Sales Nosedive -18.80% Since Last Year As Mortgage Rates Hit 20 Year Highs September 28, 2023 1:26 pm
Biden’s Mortgage Market! Purchase Demand Down -27% Since Last Year As Mortgage Rates Hit Highest Level In 20 Years September 27, 2023 2:42 pm
Bidenomics In Action! US New Home Sales Crashed -8.7% MoM In August As Mortgage Rates Surge September 26, 2023 3:28 pm
Pushin’ Too Hard? Mortgage Rates Jump To 23-Year Highs As Conference Board Leading Economic Indicator Declined To -7.6% YoY September 22, 2023 5:36 pm
Mortgage applications are at a low level not seen since Jan 1997 according to the Mortgage Bankers Association. September 21, 2023 12:55 pm
Mortgage Applications Increased 5.4% Last Week, But Purchase Demand Still Down -26% YoY And Refi Demand Down -29% YoY (Despite Mortgage Rate Rising To 7.31%) September 20, 2023 9:02 pm
Canadian Mortgage Borrowers Extend Repayment Periods as Interest Rates Surge September 19, 2023 2:12 pm
Housing Greed Exposed: Rising Leverage, Falling Investments, and Escalating Mortgage Costs Squeeze Homeownership Dreams September 18, 2023 10:08 pm
Canadian Housing Woes: Rising Mortgage Struggles and Negative Amortization Create Banking Pressures September 18, 2023 10:04 pm
Homebuilder Sentiment Goes Negative For First Time In 7 Months, Thanks To Bidenomics (Mortgage Rates UP 152% Under Biden) September 18, 2023 9:03 pm
Mortgage Applications Decreased For Seventh Time In Eight Weeks, Lowest Level Since 1996 (Purchase Apps Down -11% WoW And -27% YoY) September 14, 2023 11:08 am
Danger Jay Powell! US Median Home Prices Crashed -7.4% In Q2, Worst Decline Since Recessions Of 1970 And 2008 (Higher Mortgage Rates + Tighter Mortgage Credit Box = Heartaches On Heartaches!) September 12, 2023 5:44 pm
US Beginning Credit Super Cycle (Bidenomics = Inflation, Rising Debt, Rising Delinquencies) Mortgage Rates UP 158% Under Bidenomics September 6, 2023 4:36 pm
Biden’s ShamWow Economy! Real Home Price To Real Median Earnings Not As Bad As 2006’s Housing Bubble (Home Prices UP 32% Under Biden While Mortgage Rates UP 155%) September 4, 2023 10:24 pm
The mortgage payment to buy a median-priced home is now $2,649 — a new all-time high September 3, 2023 11:01 pm
Bidenomics At Work! US Purchase Mortgage Demand Decreased 0.3% Since Last Week, Down -27% Since Last Year (Mortgage Rate UP 157% Under Biden) August 30, 2023 4:35 pm
Livin’ La Vida Bidenomics! US Conforming Mortgage Rate Up 161% Under Biden, Home Prices UP 26%, Real Median Weekly Earnings DOWN -5% August 28, 2023 3:49 pm
Income to qualify for a mortgage jumps from $47,000 in 2020 to $104,000 in 2023. Home Ownership no longer the American dream for most people August 27, 2023 9:04 pm
Household Essentials Cost Far More Under Bidenomics! Gasoline Prices Up 72%, Rent Of Primary Residence Up 16%, Food At Home Up 20% Under Biden! (30Y Mortgage Rate UP 163% Under “Middle Class Joe”) August 25, 2023 4:21 pm
Monthly mortgage payment for a median existing home is $2,322/month, double the 2008 peak, and does not includes taxes, insurance, and other costs. August 24, 2023 10:06 am
Burning Down The Housing Market! Mortgage Demand Decreased in Weekly Survey Purchase Applications “Lowest Level Since April 1995” August 23, 2023 10:14 am
Bidenomics Mortgage Market! Mortgage Rates Now 7.2%, UP 159% Under Maui Joe! (10Y-2Y Yield Curve Collapsed From +100 BPS To -63 BPS) August 22, 2023 4:23 pm
Current debt levels are dangerously high, with $17.1 trillion in household, $12.0 trillion in mortgage, $1.6 trillion in auto loans, and $1.0 trillion in credit card debt. August 21, 2023 10:35 am