Facebook Instagram Twitter Youtube

Real Estate

‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike on shocking jobs report

5 years ago

The average mortgage shopper may see rates on the 30-year fixed as much as a quarter point higher, said Matthew Graham, COO of Mortgage News Daily, which runs daily averages from lenders.
Mortgage rates loosely follow the yield on the 10-year Treasury.
“It’s going to be ugly,” Graham said. “Today is the first time since the Covid-19 market reaction settled down in March that interest rates truly have a reason to panic. Until further notice, this looks like liftoff.”

Real estate is still a popular investment pick. Here’s what you need to know about buying in a downturn

5 years ago

The coronavirus pandemic has made us all a lot more familiar with our homes. But it has also thrown up a great number of questions over the future of the property market.

While global markets were thrown into turmoil in the early days of the outbreak, the property market, broadly speaking, has remained resilient. As of April, the median U.S. house price rose 8% year on year to hit $280,600.

Mortgage bailout balloons by half a million more loans in one week

5 years ago

Just over 3.4 million borrowers, representing 6.4% of all mortgages outstanding, are now in forbearance plans.
That’s an increase of 477,000 loans in just one week, or a nearly 9% jump, according to Black Knight, a mortgage data and analytics firm, which is running weekly tallies.
These forbearances represent $754 billion in unpaid principal and include 5.6% of all Fannie Mae and Freddie Mac loans and 8.9% of all FHA/VA loans.

Moving Markets
  • State Filing Number: 7590320
  • 246 5th Avenue, New York, NY 10001, United States of America.

Follow us

Facebook Instagram Twitter Youtube
Facebook
Twitter
LinkedIn

menu

Weekly Newsletter