Mortgage Bonds traded higher today, but did close off the highs of the session after the Fed statement was released at 2:00pm ET. Weaker than expected economic data helped to push prices higher this morning, but MBS couldn’t hold onto those gains. Sellers will be coming out the next few days with the uptick in refis….short term locking.
- Are There Going to Be More Homes to Buy This Year?If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of […]
- How Much Leverage Do Today’s House Sellers Have?The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory […]
- The Reason Mortgage Rates Are Projected to Increase and What It Means for YouWe’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […] […]
- Are There Going to Be More Homes to Buy This Year?