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Downswing in mortgage market

The current downswing in mortgage rates isn’t just good for homeowners refinancing. It’s also opening up all sorts of new opportunities for small investors to acquire rental property at.

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Still, economists caution that pending home sales tend to be subject to revisions, due to the number of home contracts that do not close, as a result of complications — such as mortgage problems..

News on current mortgage rates and other factors affecting the current housing market. It’s green shoots for the housing market, home builders say Mortgage rates slump to a 2 1/2-year low

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The collapse of one of the world’s insurance titans, the american international group (AIG), has many people scrambling for answers about how this will affect the economy, the insurance market..

Housing Market Downswing? by Jim Lee. oil price also fell. Year 2016 was the most recent period that local income per capita shrank, after the collapse of the oil market beginning in early 2015. hanges in local household income and the overall economy over time

However, as seen in the chart below of 30-year mortgage rates, rates are still historically low, and have a lot of room to rise before impacting the market. Source: Freddie Mac Also indicating that.

But it’s the downswing in the property market that’s driving the threat of negative equity. The risk for lenders is that home owners are more likely to default on their mortgage when they have.

Following nine consecutive weeks of increases, mortgage rates began 2017 by dipping down, with the average rate for a 30-year, fixed-rate mortgage (frm) falling to 4.20%, down from 4.32% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.97%.

i can prove it. just saw an article in the WSJ yesterday that says so (and similar ones from other news sources). plus i just saw rental prices on a 1BR listed on streeteasy go down. plus, i just saw the asking price of a luxury 2BR also decrease. this is solid evidence. therefore, the housing market and economy are on the downswing.

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Investors have dumped these stocks due to the domestic housing market slump. y), new home sales beat (+4.5% y/y) as lower mortgage rates feed through,” said the broker. “While Australia remains in.

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