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 […]
The wave of low interest rates in the United States has lifted the U.S. housing market up to a point it hasn’t reached in two years. Pending sales of existing homes, a figure tracked by an index, increased by more than double the expectation of analysts from August to September, according to the National Association […]
With the cost of real estate soaring in major markets like New York and Los Angeles, more and more investors are beginning to search for value in smaller markets that are on the rise. The growing appeal of these markets, many of them in the southeastern United States, reflects patterns of migration seen in the […]
Sustained low mortgage rates since March of 2019 are now ravishing the supply of starter homes across the United States. In a familiar pattern, the availability of cheaper mortgages encourages would-be home buyers to make the leap to ownership. There is a run on starter properties that cuts heavily into the supply, despite ongoing demand […]
Multifamily Dwelling
The nation’s two biggest mortgage lenders, Fannie Mae and Freddie Mac, will now be able to retain a larger share of their profits as the United States looks to transition them into private control. The Treasury Department and Federal Housing Finance Agency announced Monday that a new letter of agreement aims to boost the capital […]
low mortgage rates across the United States
With mortgage rates fluctuating in an enticingly low range over the past year, it’s natural for many aspiring buyers to consider jumping at the opportunity while it’s there. A 3.6% interest rate on a 30-year fixed rate mortgage carries a lot of appeal, but it shouldn’t cloud a buyer’s judgment when reviewing the fundamental reasons […]
For much of 2019, there have been rumblings that economic signs point to the possibility of a U.S. recession looming on the horizon. Whether it’s an inverted yield curve in the bond market, slowing GDP growth or global trade disputes, there are signals of possible risk present multiple areas of the economy. In advance of […]
