Posts Tagged as Mortgage News

Rising Mortgage Rates Fail to Dampen the Buyer's Market

Rising Mortgage Rates Fail to Dampen the Buyer’s Market

2016 was a stellar year for buyers, witnessing mortgage rates below 3.75% all summer on the average 30-year fixed-rate mortgage. With the steadily rising interest rates of today’s real estate financing trends, currently at around 4.5% and climbing for the typical FHA loan, you’d think there would be some sort of sales slowdown – but that couldn’t be further from the case.

Flying High
Home sales are moving on up – flying in the face of rising interest rates. This may slow increases in housing prices, but it’s still expected to remain a seller’s market across most of the United States for 2017. And because interest rates still remain historically low overall (despite multiple raises by the fed), 2017 remains a great time to purchase a home – and buyers are scrambling to take advantage.

Heating Up
Having more potential buyers than sellers means it will continue to be a seller’s market across the country. Nationally, inventory was less than 4 1/2 months toward the end of last year, with the country experiencing a shortage that hasn’t been like this in 20 years. At present, in the hottest markets such as Denver, well priced homes are receiving multiple offers – and selling fast.

No End in Sight
New home building may later offer some minor relief, but that remains to be seen. Especially hard hit continues to be the lower-priced homes, first-time buyer segments, as well as retirees. Because so many owners owe much more on their homes than they’re worth, inventory remains in back-stock. Some homes that did make it to the market experienced financing issues as the appraisals came in well below sales prices.

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Real Estate Home Sales Are Hot! What's Up for the Rest of 2018?

Real Estate Trends to Watch for in 2017

Don’t let these 2017 real estate trends sneak up on you! The results of the Presidential race shocked the nation, with real estate magnate Donald Trump taking the ticket. What other shocking changes might the 2017 year bring for real estate trends following this momentous transition?

• Drones are flying high
Cleared by the FAA for commercial use, flyovers by newly certified agents, home buyers, and sellers are expected to be on-the-rise next year.

• “Surban” neighborhoods command the scene
More than mixed-use, buying patterns and new lingo point to “surban” areas as the future of real estate: A blend of urban and suburban, these dense communities consist of varied housing arrangements from condos and townhouses to single family homes with added urban amenities just outside core cities. Walk to work, the store or well-rated schools with less of the hustle, bustle, and cost of major cities.

• Interest rate surprises
Though a gentle interest rate nudge was expected this December, “election turmoil” could hold this up – and subsequent increases. How conditions will wind up post-election is anyone’s guess, as some of President Trump’s expected tactics could drive inflation.

• A happy market
With Trump’s commitment to regulatory relief, mortgage availability and inventory should get a much needed bump.

• Millennials stepping things up a notch
They’re taking their more substantial savings and down payments to put down on a first house that’s a step above the typical starter home/condo buyer.

• Generation Z in the house
They start entering adulthood (18) as of this year. As they’ve got less debt, better jobs, and thus more money to spend than their Millennial predecessors, they’ll enter the market with a more traditional view. Gen Z will be looking for larger homes with space for a family that many didn’t get to grow up in.

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What is Compass and Why Is It In the News?

What Will a Trump Presidency Look Like for Real Estate?

In his next 4 years as president, Donald Trump could have a major impact on real estate selling across the U.S. Licensed real estate brokers and agents nationwide are looking to Trump and how his time in office could change their industry.
What are some possible outcomes of the Trump presidency?
Trump has centered his platform around deregulation to further the recovery of the financial market, and there are a host of changes that could be made that would affect real estate sales…
• Lower premiums.
While Trump hasn’t articulated much on his housing platform, he has expressed interest in boosting home ownership and cutting fees for Fannie Mae and Freddie Mac. Lowering premiums for FHA loans could offer the boost consumers need to make owning a home an affordable reality.
• Potential reforms.
Fannie and Freddie could also be on the chopping block for cutbacks, alongside such programs as the Low Income Housing Tax Credit and Section 8 housing vouchers.
• Loosening lending regulations.
Trump, alongside the Republican party, have been vocal about changing banking regulations, including significantly altering the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act’s regulations on lenders to replace it with something else that would allow for easier securement of home loans.
• Preservation of mortgage interest tax deductions.
Trump explicitly stated his desire to preserve mortgage interest deduction in a tax plan he shared last year. However, his current plan has yet to detail this issue.
• Construction deregulation.
In Trump’s August meeting with the National Association of Home Builders, he pointed to over regulation in the industry, with some 25% of costs to build a home tied to regulations, and announcing his desire to get that down to 2%. This alone could greatly lower the costs of real estate selling and home ownership.
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Bankrate: Mortgage Rates Move Down

The average 30-year fixed mortgage rate fell to 5.41 percent, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.27 discount and origination points.

The average 15-year fixed and jumbo 30-year fixed mortgage rates dropped by equal amounts, to 4.74 percent and 6.34 percent, respectively. Adjustable rate mortgages were mixed, with the average 1-year ARM rising to 5.15 percent and the 5-year ARM inching lower to 4.94 percent.

NEW YORK, Sept. 3 /PRNewswire-FirstCall/ — The average 30-year fixed mortgage rate fell to 5.41 percent, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.27 discount and origination points.

The average 15-year fixed and jumbo 30-year fixed mortgage rates dropped by equal amounts, to 4.74 percent and 6.34 percent, respectively. Adjustable rate mortgages were mixed, with the average 1-year ARM rising to 5.15 percent and the 5-year ARM inching lower to 4.94 percent.

As concerns about the sustainability of an economic rebound gained steam, mortgage rates retreated to levels last seen in May. Ironically, these worries came about despite a number of upbeat economic releases, including reports on manufacturing, consumer sentiment, and pending home sales. But weakness in consumer spending and growth in household income prompted investors to move from stocks to the safety of government bonds. Mortgage rates are closely related to the yields on long-term government bonds.

Mortgage rates are more than one full percentage point lower than one year ago. This time last year, the average 30-year fixed mortgage rate was 6.55 percent, meaning a $200,000 loan would have carried a monthly payment of $1,270.72. With the average rate now 5.41 percent, the monthly payment for the same size loan would be $1,124.31, a savings of $146 per month for a homeowner refinancing now.


30-year fixed: 5.41% — down from 5.53% last week (avg. points: 0.27)

15-year fixed: 4.74% — down from 4.83% last week (avg. points: 0.25)

5/1 ARM: 4.94% — down from 4.95% last week (avg. points: 0.32)

Bankrate’s national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.

For a full analysis of this week’s move in mortgage rates, go to

The survey is complemented by Bankrate’s weekly forward-looking Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next 30 to 45 days. Half of the panelists expect mortgage rates to fall further during that timeframe. Among the remaining respondents, 29 percent predict an increase in rates and 21 percent forecast that rates will remain more or less unchanged in the next 30 to 45 days.

For the full mortgage Rate Trend Index, go to

About Bankrate, Inc.

The Bankrate network of companies includes,,, Nationwide Card Services,, Fee Disclosure, InsureMe, and Each of these businesses helps consumers make informed decisions about their personal finance matters. The company’s flagship brand, is a destination site of personal finance channels, including banking, investing, taxes, debt management and college finance. is the leading aggregator of rates and other information on more than 300 financial products, including mortgages, credit cards, new and used auto loans, money market accounts and CDs, checking and ATM fees, home equity loans and online banking fees. reviews more than 4,800 financial institutions in 575 markets in 50 states. In 2008, had nearly 72 million unique visitors. provides financial applications and information to a network of more than 75 partners, including Yahoo! (Nasdaq: YHOO), America Online (NYSE: TWX), The Wall Street Journal and The New York Times (NYSE: NYT).’s information is also distributed through more than 500 newspapers.

Almost half of homeowners with a mortgage could be underwater by 2011, says Deutsche Bank.

This CNN article is not good news for those of us in the real estate industry. In it Karen Weaver from Deutsche Bank estimates that home prices in the US will fall another 14% causing 48% of homeowners to be upside down on their mortgage. What?? I thought we were bottoming out? Anyone have any comments on this?

Read the article here