For months, economic signs and pressures have pointed to a cooldown in the U.S. housing market in response to climbing mortgage rates. Two years of the pandemic brought soaring home prices, surging buyer demand and limited housing inventory — a Goldilocks zone for home sellers — but the party looks to be coming to an […]
After more than two years of record home prices in the U.S., the Fed has wasted little time this year in hiking interest rates. The 30-year fixed rate mortgage, now at 5.11%, is up from just over 3% at the start of the year as policymakers look to corral an economy that has seen sharp […]
Just as the coronavirus pandemic helped support some of the economic conditions for a surging U.S. real estate market, new global events have the ability to significantly alter the outlook of the housing market. With the Fed beginning to raise U.S. interest rates more aggressively in response to inflation and Russia’s invasion of Ukraine, the […]
Heading into to 2022, there was some optimism that the runaway housing market in the United States might come back down to Earth a bit after the unprecedented rise in home prices seen during the first two years of the coronavirus pandemic. It’s beginning to look like that assessment may have been a bit premature. […]
When I established EMM Loans in 2004, I had a vision of building a personal and progressive residential mortgage lender that home buyers would rush to recommend. Our core mission was to put people first — ahead of any process — and be the lender that buyers deserve as they enter a pivotal chapter in […]
Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had countless ripple effects across different industries and walks of life. In the housing market, the most obvious headlines of the pandemic have been the soaring sale prices, bitter competition, vacation home boom and limited inventory […]
There has never been a better time for innovation in the mortgage tech and proptech space with the high-octane U.S. housing market continuing to create new pressures for buyers and sellers. A Seattle-based company called Flyhomes, a startup that launched five years ago, just raised $150 million in Series C funding and has been valued […]
The unprecedented scope of the global coronavirus pandemic, hammering markets worldwide, has left U.S. policymakers with little choice but to take extreme precautionary measures. The Federal Reserve announced Sunday it would slash interest rates to zero, the Washington Post reported. This is the central bank’s most aggressive action since the 2008 financial crisis. There will […]
During the 2008 economic recession and afterwards, “subprime” became a buzzword in general discussions about what led to the housing market crash. That was for good reason. In 2004-2006, the years leading up to the crash saw as many as 20% percent of mortgages national were subprime. Most of them were adjustable rate mortgages from […]
Prior to the economic crash in 2008, U.S. homeowners were doing so-called “cash-out” refinancing at an unprecedented rate. More than 10 years later, these maneuvers are returning to levels not seen since the Great Recession, according to a new study from ReFi Guide. Much of the refinancing seen in 2019 has been in response to […]
