mortgage
Did The US Treasury Yield Curve Predict Trump’s Victory? Mortgage Rates Rising With Rising 10Y Treasury Yield
by confoundedinterest17 Put it where you want it. Trump that is! The US Treasury yield curve (10Y-2Y CMT) went negative on April 1, 2024. And remains positive. The US Treasury 10Y-2Y CMT (constant maturity Treasury) peaked locally on March 29, 2024 and then fell, eventually turning negative on April 1, 2024. …
Mortgage Purchase Index Decreased 5 Percent From Previous Week (I’ll Feel A Whole Lot Better If Harris Loses)
by confoundedinterest17 I’ll feel a whole lot better … when Kamala Harris is gone. Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024. The Market Composite Index, a measure of mortgage loan …
“I Lost My Job, Have No Savings And Can’t Pay The Mortgage”
Losing a job while having a mortgage and no savings can be a terrifying experience. If you act carefully, you can make it through the other side without losing your house. However, if you don’t take the right steps quickly, you could end up in a foreclosure situation.
Contagion spreads: 40% price cuts across states as mortgage applications collapse 45%.
Home values are now dropping across states like Georgia, Tennessee and South Carolina. As inventory levels spike and the housing downturn in Florida spreads to other states. Homebuyer demand in 2024 continues to falter, as mortgage brokers are reported a 45% slump in mortgage applications compared to pre-pandemic levels through …
Cottage Cheese? Mortgage Applications Down 17% Since Last Week, Purchase Applications Down -60% Under Biden/Harris (Housing Prices Up 34.2% Under Biden/Harris While Mortgage Rates Up 138.6%)
by confoundedinterest17 I would like to see Kamala Harris explain why mortgage purchase applications are down -60% under Biden/Harris Presidency. Other than a word salad answer. Or Cottage Cheese. Mortgage applications decreased 17.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for …
Thunderstruck! US Unemployment Rate Is 8.7%, More Than Double BLS Estimate Of 4.1% (Mortgage Rates Rising With Declining BLS Estimates)
by confoundedinterest17 Thunderstruck! Interest rates should be thunderstruck when realization dawns that the recend BLS jobs reporr was grossly mismeasured. National unemployment was 8.7% in this month’s Rasmussen Reports Real Unemployment and significantly more than double the 4.1% rate officially reported by the Bureau of Labor Statistics today. Mortgage rates are rising again with Friday’s surprising jobs …
30-year mortgage rate rises to 6.88%, a 2-month high; Dow Jones momentum weakens with consecutive lower highs.
Fed flip flopping policy comes with consequence. https://t.co/0LzCCvKTbR — The Great Martis (@great_martis) October 8, 2024 Dow Jones Update✍️ Momentum falling off a cliff.Relative strength lower highs. The churn up against resistance is a Warning signal.⚠️ pic.twitter.com/97dKcEBD3B — The Great Martis (@great_martis) October 8, 2024 US30yr Probable path. pic.twitter.com/NBIfFtd8Hu — …
The rate cut boosts bank profits but fails to lower mortgage rates, while the US 30-year and 3-month yield spread edges up.
https://twitter.com/RJRCapital/status/1836734007062470665 US 30 Yr minus the 3-month pic.twitter.com/f1UqwiYV2Z — Michael J. Kramer (@MichaelMOTTCM) September 19, 2024 https://twitter.com/RJRCapital/status/1836735432463102043 hedge funds starting to hedge with short bonds ETFs Macro furus long bonds in shambles — Alessio (@AlessioTMAD) September 19, 2024 Cuts ✂️ & Returns 📉 📈 pic.twitter.com/x4wS2qdlNp — Win Smart, CFA (@WinfieldSmart) …
Buyers: “I can’t afford a $750,000 home”; Elites in the Media: “Look at him, so patient!
“As soon as mortgage rates drop demand is gonna SURGE.” I think it’s time to face facts kiddos, most of the “pent up demand” was just investors who have moved on to greener pastures. Buyers aren’t waiting for lower rates, they’re waiting for lower prices. Mortgage Rates Hit 17-Month Lows, …
Redfin CEO threatens to “drink own urine” if mortgage rates stay above 6%
Redfin CEO’s shocking mortgage rate comment. Related: Airbnb down 25% in a month; CEO Chesky deletes “buy” post That's illegal of course. Real estate hasn't had their correction yet in many areas. — floridanow1 (@floridanow1) August 8, 2024 Chink in the housing market armor? The share of listings w/ …
Mortgage Purchase Applications Rise In Latest MBA Survey But Still Down -11% Since Same Week Last Year (MBS Convexity Rising As Rates Decline)
by confoundedinterest17 The slowing US economy has a silver lining: Treasury and mortgage rates are declining. And the is spurring faster mortgage prepayments. Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, …
Mortgage Purchase Demand Dropped 14% Compared To 1 Year Ago
by confoundedinterest17 Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 26, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from …
What Is The Fed Doing? Mortgage Rates Up 102% Since 2022 As The Fed Still Has A Long Way To Go In Shedding Its $2.4 TRILLION MBS Holdings
by confoundedinterest17 What’s it going to be? Mortgage rate increases or balance sheet (MBS) reductions? Since the Covid outbreak in early 2020, The Fed went wild with rate cuts and massive and unpredented balance sheet expansion. Let’s look at The Fed’s puchase of agency MBS and mortgage rates. From 2020 2022, …
Cacklenomics! Buying Conditions For Houses Hits All-time Low (High Mortgage Rates + High Home Prices)
by confoundedinterest17 Cacklenomics strikes again! The University of Michigan consumer survey revealed that buying conditions for housing just hit an all-time low. High house prices and high mortgage rates aren’t helping. Purchase loan demand keeps dropping.
Deutsche Bank warns of significant losses from commercial real estate, reports €143M Q2 net loss. Blackstone Mortgage REIT cuts dividend amid distress
Deutsche Bank: Deutsche Bank has indeed reported significant losses from its commercial real estate exposure. The bank posted a net loss of €143 million for Q2 2024, largely due to provisions for credit losses and a substantial litigation charge. Blackstone Mortgage REIT: Blackstone Mortgage Trust (BXMT) has cut its dividend by …
US Economy Slowing Like Biden, Down To 1.7% (According To Hot ‘Lanta Fed), Mortgage Payment As % Of Income Near Highest Since Early 1980s
by confoundedinterest17 Hot ‘Lanta! Or perhaps COLD ‘Lanta! And despite what Biden says, thiere isn’t an economic revival. Yes. everyone can see the mental decline in President Biden and he should be in a nursing home. While he vows to run for President against Donald Trump, can you imagine what he will …
MMT (Mostly Magic Theory)! The Fraud Of ‘Monetary Policy’ (Mortgage Rates Rising With Magical Fed Money Printing)
by confoundedinterest17 MMT is mostly magic! The Federal Reserve relies on “The Power of Magic” to fool people. For example, the massive increase in money printing following Covid and Biden’s disastrous economic policies (or FOLLICIES). Modern monetary theory (MMT) is not convincing to most trained economists of various schools of thought. This causes many to balk …
Facts about reverse mortgage
Reverse mortgages offer a unique financial solution for seniors, allowing them to tap into their home equity without needing to sell their property. But what exactly are they, and how do they work? This guide will walk you through 12 essential facts about reverse mortgages, shedding light on their benefits, …
100s Of Thousands Of People Getting Slammed With Higher Mortgage Payments!
Thousands of homeowners are facing the challenge of higher monthly mortgage payments. Specifically, those who took out adjustable-rate mortgages (ARMs) five years ago are now experiencing the unpleasant shock of significantly increased home payments. Unlike fixed-rate mortgages, ARMs offer a low introductory rate for a fixed initial period, but after …
Simply Unaffordable! Home Affordability in the US Sinks to Lowest Point Since 2007, Home Prices UP 35%, Mortgage Rates UP 148% Under Biden (Mortgage Purchase Applications DOWN 12% YoY)
by confoundedinterest17 Housing in the US is simply unaffordable. Particularly since home prices and mortgage rates have soared under Biden. .Owning a house is less affordable for average earners in the US than at anytime in 17 years. The costs of a typical home — including mortgage payments, property insurance and taxes …
Better Off Than 3 1/2 Years Ago? Home Prices Up 34% Under Biden (Rising Property Taxes And Home Insurance), Mortgage Rates Up 147%, Rent CPI Up 5.3%
by confoundedinterest17 In politics, it is usually discussed whether you are better off today than 4 years ago. Well, not if you are a renter or need to buy a home with mortgage financing. If you are a homeowner, you are better off in terms of home equty. With the …
No incentive to buy homes with mortgage right now
No incentive to buy homes with mortgage right now byu/koupnugged inREBubble It’s always funny to hear the housing bros talk about how renting costs will always rise so you need to buy a house. Meanwhile here in reality pic.twitter.com/n5jzgE6WQJ — QE Infinity (@StealthQE4) June 23, 2024
Canadian homeowners face a “mortgage cliff,” with skyrocketing rates risking financial stability and delinquencies.
Canadian banks are indeed bracing for a “mortgage renewal cliff.” As mortgage renewals approach for over three-quarters of homeowners, Canada’s Big Six banks are adding billions of dollars to their emergency funds. The spike in mortgage payments that many homeowners will face during renewal is known as the “mortgage cliff.” …
Mortgage Rates Rise, Over 7% since Early April, Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High
The over-7% mortgage rates seem to have become a fixture in the housing market. The average conforming 30-year fixed mortgage rate edged up to 7.07% in the latest week, and has now been above 7% since early April, according to the Mortgage Bankers Association today. During Rate-Cut-Mania, the average mortgage …
Simply Unaffordable? US Home Prices Reached New Record High In March, Despite Soaring Mortgage Rates (Home Prices UP 34.5% Under Biden, Mortgage Rate 157%)
by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), …
Fear The Talking Fed! Inflation Restarts As Fed EXPANDS M2 Money (Mortgage Rates Stabilize)
by confoundedinterest17 Money, money! The various talking heads from The Federal Reserve keep jawboning about whether to raise rates or not. One of the major drivers of inflation is … money. M2 Money growth YoY is growing again (blue line)! And with it, inflation has been rekindled. Mortgage rates? There …
Don’t have a down payment? We’ll give you a second mortgage to cover that.
2008 all over again. I wonder if those will be “forgiven” then sold to debt collectors, and then years later used to confiscate the house for pennies on the dollar like they’ve been doing since Covid. Prospective home buyers should fully understand the terms of a ‘silent’ second mortgage before …
Nation’s Top Mortgage Lender UWM Unleashes Risky 0% Down Purchase Program
And what happens when home values go down? No way to refinance and no way to sell without coming up with tons of cash out of pocket. In the last crash, it took over ten years for home values to recover. pic.twitter.com/f881uraBO0 — Mike Roberts (@MyHECM) May 17, 2024 In …
Child care costs more than a mortgage payment or rent almost everywhere in the U.S.: ‘There is no escaping it’
Housing costs may have gotten out of control, but there’s another expense that now poses an even greater burden to many American families: child care. Jessica Norwood, a working mother of two in North Carolina and host of the financial-literacy show “The Sugar Daddy Podcast,” said daycare costs when her …