If youâve listened to the news lately, youâve 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.
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 werenât all that exciting, though they seemed to be enough to result in a 200+ point stock market swing. The markets opened considerably [&hellip
The post The Fed Minutes and Mortgage Rates first appeared on The Truth About Mortgage.
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.
In a rather odd interview on CNBC Thursday, Zillow CEO Spencer Rascoff said itâs âdefinitely a great time to sell,â 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 Donât Wait, Best to Sell Home Now first appeared on The Truth About Mortgage.
Well, believe it or not, the holidays are upon us again. It seems like just yesterday I was cursing the fact that I didnât 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.
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.
While the news is just starting to trickle in, over the next week or so youâll 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.
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.
A new commentary written by Fannie Maeâs Vice President of Applied Economic and Housing Research, Mark Palim, aims to put fears of rising rates to bed. In the analysis posted on Fannieâs website, Palim notes that the recent increase in mortgage rates shouldnât derail the nascent, yet rather fragile housing recovery. But surely one would [&hellip
The post Fannie Economist: Rising Mortgage Rates Should Slow Purchases, Not Lower Prices first appeared on The Truth About Mortgage.
The other day, I got to thinking about the state of the housing market, as I often do. The last time I discussed it, my focus was on the free-for-all taking place in some âhotâ markets across the country. In short, I expressed my discontent with some of the junky properties making their way to [&hellip
The post Homeowners Are Betting on a Housing Recovery first appeared on The Truth About Mortgage.