Refinance

Will Higher Mortgage Rates Cripple the Real Estate Market?

Everyone seems to be thoroughly enjoying the low mortgage rate environment that has been in effect for a couple of years now. Those with existing mortgages likely already refinanced to a lower rate, while those looking to dip their toes in real estate have probably been more enthused to go ahead with the purchase. This [&hellip

The post Will Higher Mortgage Rates Cripple the Real Estate Market? first appeared on The Truth About Mortgage.

Five Reasons Home Prices Are Rising Like Crazy

If you’ve listened to the news lately, you’ve probably heard that home prices are on the mend, big time. The latest piece of good news comes courtesy of S&P Dow Jones Indices, which released its S&P/Case-Shiller Home Price Indices report yesterday. It revealed that average home prices increased 8.6% and 9.3% for the 10- and [&hellip

The post Five Reasons Home Prices Are Rising Like Crazy first appeared on The Truth About Mortgage.

The Fed Minutes and Mortgage Rates

Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April 30th and May 1st, 2013. The contents weren’t all that exciting, though they seemed to be enough to result in a 200+ point stock market swing. The markets opened considerably [&hellip

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Blogger Claims Bernanke Made His Mortgage $53,000 More Expensive

A Yahoo! Finance blogger named Rick Newman claims Ben Bernanke cost him $53,000 on his recently acquired mortgage. The issue revolves around the latest testimony from the Federal Reserve boss, who revealed the Fed could taper purchases of mortgage-backed securities (MBS) in the not-so-distant future. If the Fed tapers its purchases, supply of MBS will [&hellip

The post Blogger Claims Bernanke Made His Mortgage ,000 More Expensive first appeared on The Truth About Mortgage.

Zillow CEO Says Don’t Wait, Best to Sell Home Now

In a rather odd interview on CNBC Thursday, Zillow CEO Spencer Rascoff said it’s “definitely a great time to sell,” despite the fact that home prices are expected to rise a fair amount in the near future. Funnily enough, back in March his company asked a bunch of economists about the direction of home prices, [&hellip

The post Zillow CEO Says Don’t Wait, Best to Sell Home Now first appeared on The Truth About Mortgage.

Watch the Holiday Spending If You Plan to Refinance

Well, believe it or not, the holidays are upon us again. It seems like just yesterday I was cursing the fact that I didn’t have an air conditioner, and now I wish I had a better heater. Go figure. To compound that, I now need to get out (or stay online) and do my holiday [&hellip

The post Watch the Holiday Spending If You Plan to Refinance first appeared on The Truth About Mortgage.

11 Ways to Build Home Equity

These days, home equity is booming thanks to rapidly appreciating property values. At last glance, total equity on mortgaged properties exceeded $10 trillion, with more than $6.5 trillion of it tappable, per recent figures from Black Knight. Yes, that’s a “T” not a “B.” But you would of never guessed it less than a decade [&hellip

The post 11 Ways to Build Home Equity first appeared on The Truth About Mortgage.

Your Low Mortgage Rate: Here Today, Gone Tomorrow

While the news is just starting to trickle in, over the next week or so you’ll be hearing a lot about how mortgage rates surged higher, and that the days of low rates are behind us. The mortgage rate surveys will always be a bit delayed, seeing that they always rely on old data. For [&hellip

The post Your Low Mortgage Rate: Here Today, Gone Tomorrow first appeared on The Truth About Mortgage.

Mortgage Rates Would Need to Rise to 7% Before Median Home Unaffordable

Just about everyone knows mortgage rates have shot up rather dramatically recently. And now some of the major market players are actually addressing the matter, which seems a tad unusual. This morning, mortgage financier Freddie Mac discussed how 30-year fixed mortgage rates have increased about 40 basis points (0.40%) since May, rising from the 3.5% [&hellip

The post Mortgage Rates Would Need to Rise to 7% Before Median Home Unaffordable first appeared on The Truth About Mortgage.

Fannie Economist: Rising Mortgage Rates Should Slow Purchases, Not Lower Prices

A new commentary written by Fannie Mae’s Vice President of Applied Economic and Housing Research, Mark Palim, aims to put fears of rising rates to bed. In the analysis posted on Fannie’s website, Palim notes that the recent increase in mortgage rates shouldn’t derail the nascent, yet rather fragile housing recovery. But surely one would [&hellip

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