Amy Cutts
Amy Cutts
ahead bit bond causing continued correction eight fell few financial markets mortgage past quickly rates rise saw time volatility week yields
The bond markets got a little ahead of themselves, causing yields to rise too quickly over the past few weeks. This week saw a bit of a correction and mortgage rates fell for the first time in eight weeks. Continued volatility in financial markets, however, will keep rates teetering up and down for some time to come.
bit homes smaller starter
A lot of the starter homes are on the smaller end, a little bit older.
bit enthusiasm housing starting
We are starting to see a little bit of a slowdown in the enthusiasm for housing as an investment.
believe bond market
Every once in a while the bond market does believe Greenspan.
benefits last might next quarter second
The benefits have been really widespread. Who is in first place one quarter might be in second place next and last place down the road.
below calmed chance expected fixed giving hike mortgage near optimistic outlook percent rate rates stay steady tuesday
The Fed's rate hike on Tuesday was expected and the Fed's cautiously optimistic outlook calmed the market. As a result, 30-year fixed mortgage rates should stay steady near or just below 6 percent for a while, giving prospective homebuyers another chance to get in with a low rate.
best borrower borrowers current debt decision dominant driver finance home looking mortgage option payment primary product project recent savings took year
The interest-rate savings are not a primary driver of the decision to refinance a fixed-rate mortgage in the current environment. Now, the dominant refinance borrower is looking at the best way to consolidate debt or finance a big project such as a home improvement. And we also have borrowers who took out adjustable-rate mortgages in recent years that are scheduled to have their payment reset this year that may be looking at the option to refinance into a fixed-rate product or into another adjustable-rate mortgage.
began economy expanding feels figures financial growth markets mortgage nowhere optimistic rates released result today
With financial markets more optimistic that the economy is expanding nicely, mortgage rates had nowhere to go but up this week. Then, as a result of the GDP figures released today (Thursday), the market began weighing which part of GDP it feels is most dominant, growth or inflation.
appreciation five good housing percent rate reflects strong
Five percent on its own would be good news. That's a good rate of appreciation and reflects a strong housing market.
slowing
This is a slowing down to what I think of as good, sustainable levels.
buy goods house money paid services sold
If they sold their house today, they would still get more money than they paid for it. But they won't be able to buy as many goods and services as they could before.
biggest owners people transition
People who are making the transition from renters to owners will find it the biggest hurdle.
combined consumer decline domestic figures gross housing led lower mortgage price producer rates recently released
Lower figures for the recently released producer price index and consumer price index and lower, but still strong, gross domestic product, combined with the seasonal slowdown in the housing market, led to another decline in mortgage rates this week.
combined decline domestic figures gross housing led lower market mortgage price rates recently released strong
Lower figures for the recently released producer-price index and consumer- price index, and lower but still strong gross domestic product, combined with the seasonal slowdown in the housing market led to another decline in mortgage rates this week.