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Mortgage Delinquency Rates Record Low – Is This the Calm Before the Debt Storm?

January 27, 2023 by Brett Tams

Mortgage delinquency rates are at all-time lows, but some key metrics indicate that this might change. Learn more here.
Posted in: Business Tagged: 2, 2016, 2021, 2022, 2023, 30-year, 30-year fixed rate, active, Adjustable Rate Mortgages, affordability, All, all-time highs, apple, ARM, ARMs, asking price, assets, author, balance, Bank, Banking, banks, basic, before, bidding, bidding wars, bills, bond, build, buyers, car, clear, color, Commercial, cost, covid, COVID-19, COVID-19 pandemic, Credit, credit card, Credit Card Debt, credit cards, Crisis, data, Debt, Debts, Delinquencies, delinquencies and foreclosures, Delinquency rate, Economy, equity, estate, expensive, experts, Fall, Family, fed, Federal Reserve, Financial Wize, FinancialWize, fixed rate, Fixed rate mortgage, foreclosure, Foreclosures, fun, funds, Giving, good, graph, great, growth, historical, home, home loans, Home Ownership, home prices, home value, homebuyer, Homebuyers, Homeowner, homeowners, homeownership, homes, household, Housing, housing crisis, Housing market, housing prices, Income, Inflation, inflation rate, Insurance, interest, interest rates, Learn, Legal, lending, list, loan, Loans, low, low mortgage rates, LOWER, making, market, money, More, Mortgage, mortgage cost, mortgage debt, mortgage interest, Mortgage Interest Rates, mortgage loan, mortgage loans, Mortgage originations, MORTGAGE RATE, Mortgage Rates, Mortgages, Move, net worth, new, Originations, Other, ownership, pandemic, paycheck, paycheck to paycheck, payments, Personal, plan, points, Popular, present, pressure, priced in, rate, Rates, Real Estate, Recession, Refinance, relocating, Residential, risk, room, Saving, savings, Sell, selling, single, single-family, soaring, stimulus, Strategies, Style, the fed, time, title, Travel, Treasury, trend, Twitter, under, Unemployment, value, will, work

New Home Sales Look Like They Want to Bounce

January 27, 2023 by Brett Tams

The Census Bureau’s regularly scheduled monthly report on New Home Sales was released this morning.  The annual pace of 616k was right in line with the median forecast of 617k.  This is technically an improvement, but only because the previous month was revised down to 602k from 640k. In the big picture, it doesn’t much matter if today’s data is a bit better or worse than last month’s.  It’s unequivocally better than it was on several occasions in the middle of 2022 when the annual pace was closer to 550k.  If sales can avoid revisiting that territory, 550k will increasingly look like a long-term floor in the bigger picture. If sales numbers are finally bouncing, some credit could go to inventory finally doing the same.  After being squeezed down to all-time lows in early 2020, new home inventory slowly began to grow.  It didn’t eclipse 2019’s highest levels until several months into 2022.  We can credit the combination of sharply higher rates and prices for sapping demand and leaving excess inventory on the shelf for builders.  Here too, the chart looks like it wants to bounce (but against a ceiling for inventory as opposed to a floor for sales numbers). It’s a bit too soon to declare victory. Whereas 2022 was clearly a year for rising interest rates, it remains to be seen how quickly that trend will be reversed in 2023.  If inflation continues to fall and the economy softens, rates can come down faster.  This isn’t the only input for New Home Sales of course, but when the average 30yr fixed rate was well over 7%, it was certainly keeping more prospective buyers on the sidelines versus the mid-to-low 6’s seen over the past 2 months.  

Posted in: Refinance, Renting Tagged: 2, 2022, 2023, All, assets, big, Big Picture, builders, buyers, Census Bureau, Credit, data, Economy, Fall, Financial Wize, FinancialWize, fixed rate, floor, Forecast, Grow, home, home inventory, Home Sales, improvement, Inflation, interest, interest rates, inventory, low, More, new, new home, new home sales, News, rate, Rates, right, sales, time, trend, versus, wants, will

Mortgage Rates Still in Good Shape After Fed Minutes – Mortgage News Daily

January 27, 2023 by Brett Tams

Mortgage Rates Still in Good Shape After Fed Minutes  Mortgage News Daily

Posted in: Renting Tagged: 2, big, bonds, color, data, fed, Financial Wize, FinancialWize, fixed rate, Forecasts, friendly, good, Google, government, improvement, Inflation, investors, job, jobs, labor market, lenders, low, LOWER, market, More, Mortgage, mortgage market, Mortgage News, Mortgage Rates, new, News, offer, pressure, rate, Rates, survey, the fed, under, versus, will

There Is No Free Mortgage

January 27, 2023 by Brett Tams

You’ve heard the term “no free lunch.” Well, the same is true of home loans. There is no “free mortgage.” Sure, banks and lenders will offer deals that make it look that way. They’ll give you a mortgage without closing costs. Or without points. But that doesn’t mean it’s free. At the end of the… Read More »There Is No Free Mortgage

The post There Is No Free Mortgage appeared first on The Truth About Mortgage.

Posted in: Mortgage Rates, Mortgage Tips, Refinance, Renting Tagged: 2, 30-year, Bank, banks, big, black, Broker, brokers, Built, closing, closing costs, commission, company, cost, Deals, escrow, expense, Fees, Financial Wize, FinancialWize, fixed rate, fund, hole, home, home loan, home loans, house, Insurance, interest, interest rate, lenders, Life, loan, Loans, LOWER, Make, making, Making Money, math, money, More, Mortgage, mortgage payments, MORTGAGE RATE, Mortgage Rates, Mortgage Tips, Mortgages, new, offer, Origination, party, payments, plan, points, principal, rate, Rates, Refinance, save, Saving, savings, Sell, simple, time, title, Title Insurance, versus, will, work, work out

Mortgage rates rise back above 7% – CNN

January 26, 2023 by Brett Tams

Mortgage rates rise back above 7%  CNN

Posted in: Renting Tagged: 2, 2021, 2022, 30-year, affordability, affordable, Applications, before, Bob Broeksmit, bonds, Buy, buy a home, buyer, buyers, Buying, CEO, color, cost, Credit, Danielle Hale, data, decision, down payment, Economy, Fannie Mae, fed, Federal Reserve, Finance, Financial Wize, FinancialWize, fixed rate, Freddie Mac, front, good, Google, home, Home Price, Home Sales, homebuyer, Homebuyers, homeownership, homes, house, Housing, Housing market, impact, Inflation, interest, interest rates, investors, Loans, low, LOWER, Make, making, market, MBA, median home price, money, More, Mortgage, mortgage applications, Mortgage Bankers Association, MORTGAGE RATE, Mortgage Rates, Mortgages, National Association of Realtors, News, points, president, Purchase, Purchase loans, Raise, rate, Rates, realtor, Realtor.com, Realtors, running, sales, Sam Khater, soaring, survey, the fed, time, Treasury, Treasury bonds, volatility, will

As mortgage rates decline, the mantra is ‘no buyers left behind’ 

January 26, 2023 by Brett Tams

Mortgage rates are continuing to decline, which is bringing borrowers on the sidelines back to the market.

Posted in: Mortgage, Mortgage Rates, Refinance Tagged: 2022, 2023, 30-year, 30-year mortgage, active, affordability, agents, Applications, buyer, buyers, Cardinal Financial, Chad Earnest, company, Credit, data, estate, Fall, Financial Wize, FinancialWize, fixed rate, good, home, home loans, home prices, Homebuilders, Homebuyers, homebuying, interest, interest rate, investments, Joel Kan, Jumbo loans, Lead Generation, loan, Loans, LOWER, market, Marketing, MBA, More, Mortgage, mortgage applications, Mortgage Bankers Associaiton, Mortgage Bankers Association, Mortgage News, MORTGAGE RATE, Mortgage Rates, Mortgages, News, opportunity, Origination, points, president, products, Purchase, purchase applications, Purchase loans, rate, Rates, Real Estate, Real Estate Agents, Refinance, refinancing, Spring, texas, traditional, under

How do bonds work? A beginner’s guide

January 26, 2023 by Brett Tams

You know investing involves putting money into “stocks and bonds.” And you know what stocks are. But do you know what a bond is? Here’s everything you need to know about bonds—from how they’re priced to why you should have them in your portfolio. Bonds are among the most underrated investment vehicles for folks under 30, offering safety, diversity, and in some cases, high returns.

The post How do bonds work? A beginner’s guide appeared first on Money Under 30.

Posted in: Investing, Money Basics Tagged: 2, 2016, advisor, Amazon, asking price, balance, big, bond, bonds, Broker, brokerage, Buy, buyers, Buying, city, College, company, Compound, cons, Convenience, corporate bonds, cost, Credit, credit rating, crypto, diversification, diversify, diversity, earnings, Economy, Fall, Family, Featured, Fees, Financial Advisor, financial independence, Financial Wize, FinancialWize, fixed rate, fund, funds, General, gifts, good, government, graduation, great, growth, guide, historical, How To, illiquidity, impact, Income, index, index funds, Inflation, interest, interest rate, interest rates, Investing, investment, investments, investors, Life, Live, loan, loan money, Loans, Local, low, LOWER, Main, Make, making, market, money, More, Move, municipal bonds, neat, new, office, Other, passive, passive income, payments, plan, portfolio, principal, projects, pros, Pros and Cons, Purchase, Raise, rate, Rates, Research, retirees, returns, rich, risk, safe, safety, Saving, savings, Savings Account, savings bonds, schools, Secondary, secondary market, Sell, seller, selling, smart, stock, stock market, stocks, Style, taxes, The Stock Market, timing, title, traditional, Treasury, Treasury bonds, under, unique, vehicles, war, will, work

What to expect from homebuilders in 2023

January 25, 2023 by Brett Tams

Built’s Chris Boyd sits down with HousingWire to discuss homebuilder trends to watch in 2023 – including supply, demand, labor and lending.

Posted in: Paying Off Debts, Real Estate Tagged: 2021, 2022, 2023, 30-year, agents, All, ask, before, big, bills, Broker, build, Builder Confidence, builders, building, Built, business, buyer, buyers, Career, clear, commissions, company, construction, Consumers, contingency, contracts, cost, covid, Credit, custom, custom home, efficient, expectations, Family, Federal Reserve, Finance, Financial Wize, FinancialWize, financing, fixed rate, Fixed rate mortgage, Florida, General, good, hold, home, home builders, home building, home buyer, Homebuilders, homebuilding, homes, Housing market, Housing Starts, Hurricane, impact, industry, Inflation, Insurance, interest, interest rate, interest rates, interview, inventory, Investing, items, job, learned, lending, line of credit, Live, Loans, love it, low, LOWER, Make, making, Making Money, manufacturing, market, markets, Midwest, money, More, Mortgage, Move, Moving, needs, new, new construction, new home sales, offer, opportunity, Other, pizza, points, president, project, projects, property, Purchase, quality, questions, rate, Rates, Real Estate, Research, Residential, risk, sales, Sell, selling, shortage, shortages, single, single-family, space, spec, Strategies, Technology, texas, trends, volatility, volume, will, work, working, Zoom, zoom out

Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’ – Yahoo Finance

January 25, 2023 by Brett Tams

Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’  Yahoo Finance

Posted in: Renting Tagged: 15-year, 2, 2023, 30-year, advice, affordability, Applications, Apps, buyers, Buying, color, Consumers, Credit, credit cards, data, Digit, Economy, Fall, fed, Finance, Financial Wize, FinancialWize, First-time Homebuyers, fixed rate, Forecast, Freddie Mac, good, Google, government, growth, holiday, home, home loan, homebuyer, Homebuyers, homeownership, homes, Housing, Housing market, industry, Inflation, inflation rate, Investing, investing apps, investors, Layoffs, loan, low, LOWER, market, MBA, Mike Fratantoni, Monetary policy, More, Mortgage, mortgage applications, Mortgage Bankers Association, MORTGAGE RATE, Mortgage Rates, Mortgages, Move, National Association of Realtors, new, new year, News, opportunity, president, pressure, Purchase, rate, Rates, realtor, Realtor.com, Realtors, Refinance, sales, Sam Khater, save, savings, Spring, the fed, the new year, under, Unemployment, warranty, will, yahoo finance

43% of Homebuyers With An Adjustable-Rate Mortgage Regret It

January 25, 2023 by Brett Tams

About 43% of homebuyers with an ARM regret taking out the loan. The mortgage has a low introductory rate that goes up and then adjusts over time.
Posted in: Market News, Paying Off Debts Tagged: 2, 2022, 2023, 30-year, affordable, agreements, All, Applications, Arizona, ARM, ARMs, before, big, borrowing, Broker, Budget, builders, Buy, buyer, closing, closing costs, cons, COVID-19, COVID-19 pandemic, data, Deals, decades, decision, Economy, Fall, Financial Wize, FinancialWize, fixed rate, good, great, history, home, home prices, homebuyer, Homebuyers, homeowners, interest, interest rate, interest rates, lending, loan, Loans, low, LOWER, making, market, markets, More, Mortgage, Mortgage Bankers Association, mortgage interest, mortgage payments, MORTGAGE RATE, Mortgages, most popular, new, News, offer, offers, opportunity, Other, pandemic, payments, plan, points, Popular, pros, Pros and Cons, rate, Rates, realtor, Refinance, refinancing, Research, safe, Saving, second, Sell, seller, sellers, selling, survey, will, work
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