Housing Wire
SEPTEMBER 22, 2022
“Now the Fed has signaled that it will hike rates several more times this year and next year, so mortgage rates have plenty of room to go up even more.”. We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon.
Housing Wire
NOVEMBER 2, 2022
Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .
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Housing Wire
MARCH 20, 2023
Rate hikes have rocked the housing and mortgage markets What the data does clearly show is that rate hikes over the last 12 months have already rocked the housing and mortgage markets. In 2021, mortgage originations hit a record high of $4.4 trillion, and will fall to $1.87 trillion in 2023.
Redfin
JULY 14, 2023
As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity. So, if you’re looking for a new construction or move-in ready home, you won’t necessarily find what you’re looking for in every neighborhood of Birmingham.
Toronto Realty Blog
MAY 31, 2023
per month mortgage fee there’s principal and there’s interest. In the first year of the mortgage $6,067 of principal is paid down as $15,190 of interest is gone as a sunk cost. One story references pre-construction condo investors specifically, but there are so many other factors here.
Housing Wire
AUGUST 29, 2022
To improve liquidity, it chose to reduce its servicing portfolio, completing a sale of single-family mortgage loans worth $257.3 billion in unpaid principal balance, down 11% quarter over quarter. Homepoint Cash Compete helps buyers close an all-cash bid and the Homepoint New Build program connects builders with construction financing.
Toronto Realty Blog
JANUARY 6, 2022
I mean, have you seen the “CAT Construction” trucks? Today, most of us, especially myself, see a mortgage as a payment plan. If you bought a house for $900,000, with a $400,000 down payment, your monthly payments under a 5-year, fixed-rate mortgage at 2.59%, on a 30-year amortization, would be $1,596.56.
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