Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers.
The 15-year adjustable-rate mortgage averaged 3.83%, also up six basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.87%, up from 3.84%.Related: More new-home sales are for houses that haven’t even been started yet. That’s not a good thing Buyers may not have long to wait. The benchmark U.S. government Treasury note has been muted over the past few months as investors digest the likelihood that the current business cycle may be nearing an end. In a low-growth environment or a downturn, investors prefer safe assets, and when bond prices rise, their yields decline.
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States With the Highest/Lowest Mortgage RatesCalifornia has the lowest mortgage rates in the U.S., while New York has the highest, a new study finds Considering the price of housing in CA, it's not surprising that the rates are lower. Too many people can't afford housing as it is. Raise rates & you're going to have even more homeless people & others leaving the state. Illegal aliens need homes. Moonbeam made special deals Meanwhile, Texas has the hottest real estate market, as both West and East Coasters flee the high cost of living.
Source: WSJ - 🏆 98. / 63 Read more »
Bankrate.com - Compare mortgage, refinance, insurance, CD ratesUse Bankrate.com's free tools, expert analysis, and award-winning content to make smarter financial decisions. Explore personal finance topics including credit cards, investments, identity protection, autos, retirement, credit reports, and so much more. Boom and bust. We are due a bust. Now is the time to vote $1,000 per month into your pocket. Yang2020 You Trumptards can take your massive tax cuts and put them away for a rainy day. Oh wait....you OWED the government at tax time because of Komrade Trump's tax cut to the rich only? Oh dear.
Source: NBCNews - 🏆 10. / 86 Read more »
EuroECB leaves rates unchanged, says to hold there through at least end of 2019
Source: MarketWatch - 🏆 3. / 97 Read more »
Federal Reserve keeps hinting no more interest-rate hikes until summer 2019, if not longerBoston Fed President Eric Rosengren said it may be 'several meetings' before the Fed has a clear enough read on the economy to take any action on interest rates. Why would they raise them. Fractional Reserve banking is a scam. A fraud of printing money, giving it value from debt out of thin air. In the end, banks take it all, and you serfs thank them for it.
Source: washingtonpost - 🏆 95. / 72 Read more »
Weekly mortgage applications fall, but hint at who is buying homes todayA slight rise in interest rates caused a pullback in mortgage demand last week. Hint: nobody
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Source: Reuters - 🏆 2. / 97 Read more »
For Fed, few reasons to end 'patient' stance on ratesWith inflation muted but other risks to the U.S. economy on the rise, the Federa...
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REITs Take On New Shine Amid Fed’s Softened View on RatesThe Federal Reserve’s dovish tilt this year has been a boon for real-estate shares that were pressured by a threat of higher interest rates. not Windstream's. REITS are the first things to take huge dives in downturns. Same thing happened back in 2000. Everyone started buying REITS and they all tanked.
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Construction spending sags in 2018 — but falling interest rates lift odds of bounce backHigh home prices, rising mortgage rates and shortages of land and skilled workers took a toll on builders in 2018. The construction industry posted its slowest growth in seven years.
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