Realty Biz

SEPTEMBER 29, 2022

Home sales are a part of the economy that is affected fast and significantly when the Federal Reserve raises interest rates. Beginning in March, we have now had five interest rate increases with three of them being three-quarter-point hikes. Interest rates have not risen this fast and this high since the 1980s.

Debt-to-income ratio 89

Debt-to-income ratio Development Loans Staging 89

Marco Santarelli

MAY 1, 2023

The Federal Funds Rate is a key component of the US economy, influencing the interest rates of consumer loans such as mortgages, credit cards, and other loans. The Federal Open Market Committee (FOMC), a division of the Federal Reserve, sets this rate, making it a crucial tool for managing the country's monetary policy.

Banks 52

Banks Lending Loans Mortgages 52

Toronto Realty Blog

JUNE 2, 2023

TorontoRealtyBlog Do you remember a twelve-month period where we talked about interest rates any more than we have since this time last year? I’ve been around for almost two decades and I’ve seen just about everything when it comes to interest rates. ” I mean, that was only 2018, after all. I don’t.

Banks 70

Banks As-is Marketing Mortgages 70

Marco Santarelli

MARCH 22, 2023

Next Fed Rate Hike in 2023 The Federal Reserve's interest rate policy has been a topic of much debate and speculation in recent months. Fed Chair Jerome Powell even hinted that they may go for a more aggressive half-point hike if the job market and inflation continued to be stronger than expected.

Banks 40

Banks Equity Loans Mortgages 40

Realty Biz

FEBRUARY 23, 2022

And now, higher interest rates are about to kick in. And now, higher interest rates are about to kick in. What to Expect for Higher Interest Rates. One of the strong reasons was to lock in interest rates ahead of the Mid-March rate increase by the Federal Reserve that is now considered a foregone conclusion.

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Banks Loans 69

Realty Biz

JUNE 23, 2022

At first glance, it might seem intuitive that rising interest rates will have a negative effect on the housing market. Interest rates rising today and for the next several months is probably good for the housing market. Obviously, we are watching that quite carefully [prices and mortgage rates]. It’s a very tight market. …

Marketing 96

Marketing Mortgages As-is Residential 96

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. What did I get wrong? Home price s.

Marketing 543

Marketing Mortgages Sales As-is 543

Toronto Realty Blog

MARCH 24, 2023

What does that tell you about just how large a story this is or could be? What does that tell you about just how large a story this is or could be? The CBC interviewed one individual who is new to the country and was asked, “What the country needs to deal with a population that’s growing fast.”

Construction 77

Construction Mortgages As-is Marketing 77

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. The recent growth broke that streak, but demand is still low.

Marketing 491

Marketing Mortgages Banks Sales 491

Housing Wire

DECEMBER 20, 2021

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down!

Mortgages 544

Mortgages Sales As-is Construction 544

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. This level, while historically still low, will mean the days on market will go higher, and this will give people choices. million and 6.16

Days on market 538

Days on market Loans Mortgages Sales 538

Toronto Realty Blog

JULY 18, 2022

What a cornucopia of emotions, right? ” Lastly, I felt confused, because my phone kept beeping out of control, and what was an otherwise normal day had now picked up substantially, just in the last thirty seconds. What was going on? One from a client: David, we just heard about the interest rate hike!

Banks 95

Banks Lending Land As-is 95

Point2Homes

NOVEMBER 16, 2022

Aggressive rate hikes (after the latest increase, the average mortgage rate hovers around 7%), coupled with sky-high home prices mean buyers are bleeding money. But, aside from losing purchasing power, homebuyers — and especially post-pandemic homebuyers — are also losing what they wanted the most: More living space.

Fixed-rate mortgage 80

Fixed-rate mortgage Mortgages Sales As-is 80