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Hanover Mortgages

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housing boom

What will housing credit look like in next recession?

March 31, 2023 by Brett Tams

We need to understand the credit channels in the U.S. today and why they’re so different than the period of 2002-2008.

Posted in: Mortgage, Paying Off Debts Tagged: 10-year yield, 2, 2022, 2023, 30-year, 30-year fixed mortgage, 30-year mortgage, 30-year mortgage rate, affordability, balance, Bank, Banking, banks, before, big, bubble, Buying, cnbc, cost, covid, COVID-19, Credit, Crisis, data, Debt, Delinquencies, Down payments, Economy, equity, event, existing, Existing home sales, Fannie Mae, Fashion, fed, Federal Reserve, FHA, fico, fico score, financial crisis, Financial Wize, FinancialWize, fixed, foreclosure, Foreclosures, Freddie Mac, future, General, Giving, government, great, Grow, growth, history, home, home equity, Home Sales, Homebuyers, Homeowner, homeowners, homes, Housing, housing boom, housing bubble, housing crash, Housing market, hwmember, id, Income, Inflation, investors, iso, job, jobs, Jumbo loans, lending, loan, Loans, Make, market, MBA, meta, More, Mortgage, mortgage credit, Mortgage Credit Availability, mortgage debt, mortgage market, Mortgage Products, MORTGAGE RATE, Mortgage Rates, Mortgage-backed security, new, non-QM, Non-QM loans, one day, or, Other, payments, percent, Personal, place, points, products, Purchase, rate, Rates, Recession, rise, risk, sales, save, securities, sheets, space, stress, the fed, time, title, traditional, VA, wages, will, work, working

Homeowners who held onto a 3% mortgage rate are becoming ‘accidental landlords’ – Fortune

March 24, 2023 by Brett Tams

Homeowners who held onto a 3% mortgage rate are becoming ‘accidental landlords’  Fortune

Posted in: Renting Tagged: 2, 2021, 2023, 30-year, 30-year fixed mortgage, 30-year fixed rate, action, agent, airbnb, All, asking price, assets, author, before, borrowers, buyers, Buying, Capital Gains, CEO, color, Compass, Credit, data, Debt, estate, expenses, Financial Wize, FinancialWize, first home, fixed, fixed rate, Florida, Goldman Sachs, good, hold, home, homebuyer, homeowners, homes, homes for sale, Housing, housing boom, Inflation, Insurance, interest, interest rate, inventory, investment, Investor, landlord, landlords, leverage, Listings, loan, LOS, low, low rates, LOWER, Luxury, making, market, markets, money, More, Mortgage, mortgage payment, mortgage payments, MORTGAGE RATE, Mortgage Rates, Move, neighbors, new, new listings, oakland, offer, or, pandemic, payments, Personal, plan, Planning, pressure, price, property, rate, Rates, Real Estate, real estate agent, real estate investor, Redfin, refinancing, Rent, rental, Rentals, renters, renting, return, running, San Jose, seattle, Sell, sellers, selling, shortage, summer, taxes, time, Twitter, vacation, vacation home, value, wealth, will

Optimism Reigns Amid Affordability Challenges

March 18, 2023 by Brett Tams

The shortage of entry-level homes and slow income growth could turn people off from homeownership, but the American dream of buying a home remains alive and well.

Posted in: Moving Guide Tagged: 2, 2017, 2020 election, 30-year, 30-year fixed rate, affordability, affordable, affordable homes, All, American Dream, analysis, assets, baby, baby boomers, before, big, Blog, boomers, Budget, builders, Bureau of Labor Statistics, Buy, buy a home, buyer, buyers, Buying, Buying a Home, calculator, chance, climate, cost, crash, Credit, credit cards, currency, data, Debt, Deciding to Buy a Home, down payment, Down payments, dream, Economy, Emergency, Emergency Fund, Employment, entry, equity, existing, expectations, Financial Wize, FinancialWize, first home, first-time buyers, first-time home buyer, fixed, fixed rate, Fixed rate mortgage, fund, future, Genworth, glasses, goal, goals, good, government, great, growth, home, home buyer, home buyers, home prices, home purchase, home repairs, Home Values, homebuilding, homebuying, homeowners, homeownership, homeownership rate, homes, household, household income, Housing, housing boom, Housing market, impact, Income, index, interest, investment, journey, landlords, Life, list, Live, loan, low, LOWER, maintenance, Make, market, markets, measure, median household income, millennial, millennials, money, More, Mortgage, mortgage payment, Mortgages, Move, National Association of Realtors, nerdwallet, new, or, Other, ownership, payments, percent, plan, Planning, plans, pretty, Prices, probability, Purchase, rate, reach, ready, Realtors, rebound, Recession, right, sales, save, savings, savings goal, second, Sell, shortage, states, statistics, stress, student, student loan, student loan debt, survey, surveys, time, united, united states, upgrade, value, will, young, young people, younger homeowners, Zillow

‘I can’t afford to sell because I don’t want to lose that rate’: 3% mortgage rates will loom large over the U.S. housing market for years to come – Fortune

March 15, 2023 by Brett Tams

‘I can’t afford to sell because I don’t want to lose that rate’: 3% mortgage rates will loom large over the U.S. housing market for years to come  Fortune

Posted in: Renting Tagged: 15-year, 15-year mortgage, 2, 2016, 2021, 2023, 30-year, 30-year fixed mortgage, Alabama, All, apartment, average, balance, Bank, borrowers, build, business, Buy, buyers, california, color, construction, double, Economics, estate, existing, Existing home sales, Fall, Family, Finance, Financial Wize, FinancialWize, fixed, Goldman Sachs, Goldman Sachs analysts, hold, home, Home Price, Home Sales, Homeowner, homeowners, homes, house, Housing, housing boom, Housing inventory, Housing market, How To, impact, interest, inventory, investment, job, Leaders, Learn, Listings, loan, low, low rates, LOWER, Make, market, mobile, Mortgage, mortgage payments, MORTGAGE RATE, Mortgage Rates, Move, Moving, National Association of Realtors, new, new job, new listings, Oregon, pandemic, payments, percent, Planning, price, Prices, principal, property, Purchase, rate, Rates, Realtors, Redfin, refinancing, renting, renting an apartment, Research, right, sales, second, Sell, sellers, selling, single, single-family, states, time, trust, under, will, wood, work

The ongoing housing market slump brings back 2-1 mortgage rate buydowns—here’s how it works – Fortune

March 14, 2023 by Brett Tams

The ongoing housing market slump brings back 2-1 mortgage rate buydowns—here’s how it works  Fortune

Posted in: Renting Tagged: 2, 2021, 2023, affordability, affordable, bridge, Broker, builder, builders, business, buydown, buyer, buyers, Buying, CEO, color, Consumers, cost, couple, Credit, escrow, estate, Fees, Finance, finances, Financial Wize, FinancialWize, fixed, fixed rate, gap, home, home prices, Homebuilders, homes, Housing, housing boom, Housing market, How To, inventory, LA, Leaders, Learn, loan, LOWER, Make, market, money, More, Mortgage, Mortgage Broker, MORTGAGE RATE, Mortgage Rates, Move, new, pandemic, points, president, price, Prices, property, Purchase, rate, RATE LOCK, Rates, Real Estate, Refinance, Research, sales, save, Saving, second, Sell, seller, sellers, time, trust, value, will, working

Smart Money: How COVID-19 Changed Our Finances — and Our Advice

March 13, 2023 by Brett Tams

NerdWallet writers discuss how COVID-19 changed the way we manage and talk about money in this roundtable episode of the Smart Money podcast.

Posted in: Moving Guide, Personal Finance Tagged: 2, 2017, 2021, 2022, 2023, 30-year, 30-year mortgage, accommodations, advice, affordable, All, Amazon, Amenities, Apps, ask, assets, at home, Bank, basic, basics, bedroom, before, Behavior, Benefits, bidding, bidding wars, big, Blog, boring, brokerage, brokers, build, Bureau of Labor Statistics, business, Buy, buy a house, buyer, buyers, Buying, Buying a Home, car, Cities, Closet, commissions, commute, cost, country, couple, covid, COVID-19, COVID-19 pandemic, crash, Crisis, crowds, currency, data, decisions, design, desk, discover, doors, Dorm Room, down payment, earning, Economy, Emergency, Emergency Fund, entertaining, Entertainment, ETFs, eviction, evictions, existing, existing home prices, expenses, expensive, experience, Extra Money, Fall, Family, fed, Federal Reserve, Finance, finances, Financial advice, Financial Wize, FinancialWize, fixed, floor, Florida, foreclosure, Foreclosures, foundation, Free, front, fund, funds, funny, future, gardening, Gen Z, General, good, government, great, groceries, growth, habits, health, hindsight, hold, home, home buyers, home office, home offices, home prices, homeowners, homeownership, homes, homes for sale, hot, house, Housing, housing boom, Housing market, How To, impact, Income, index, index funds, industry, Inflation, inherited, inspections, interest, interest rate, interest rates, inventory, Investing, investment, investments, investors, job, job market, jobs, journey, jump, kids, labor market, Land, landlords, landscaping, Layoffs, Learn, learned, lessons, Life, Lifestyle, Live, low, Low inventory, LOWER, Make, making, man, manage, market, markets, Media, memories, millennials, mobile, money, More, more money, Mortgage, Mortgage Rates, mountains, Move, movies, Moving, Music, needs, nerdwallet, new, News, north carolina, offer, office, Offices, open concept, opportunity, Other, pandemic, panic, parents, patience, patterns, paycheck, payments, peace, percent, Personal, personal finance, place, plan, plans, podcast, points, predictions, president, President Biden, pretty, price, Prices, questions, quiet, rate, Rates, ready, Recession, reddit, Refinance, Refund, Rent, renter, renting, restaurants, retirement, retirement accounts, retirement funds, Review, reward, right, room, rural, sales, save, Saving, saving rate, savings, Savings Account, securities, Sell, selling, shopping, short, shortage, shutdown, smart, Smart Money, space, Spending, spending habits, Spring, stage, states, statistics, stimulus, stock, stock market, stocks, stories, Strategies, suburbs, tax, tax refund, texas, thankful, the fed, The Stock Market, the west, time, timing, timing the market, town, trading, traditional, Travel, trends, tv, TV Shows, Unemployment, unemployment rate, value, volatility, wages, washing, washington, weather, West Coast, will, work, workers, working, wrong, young, young adults

What to expect for Houston’s housing market, mortgage rates in 2023 – Houston Chronicle

March 9, 2023 by Brett Tams

What to expect for Houston’s housing market, mortgage rates in 2023  Houston Chronicle

Posted in: Renting Tagged: 2, 2022, 2023, 30-year, ad, All, apple, average, before, bidding, bidding wars, budgets, business, Buy, buyer, buyers, Buying, charts, codes, color, credits, data, Economy, estate, existing, expensive, Fall, fed, Federal Reserve, Fees, Finance, Financial Wize, FinancialWize, fixed, floor, Forecasts, Freddie Mac, future, Graphic, health, home, home prices, Home Sales, Home Values, Homebuyers, Housing, housing boom, Housing market, houston, Inflation, Insurance, interest, interest rates, list, loan, LOWER, luck, market, Media, Mortgage, mortgage market, mortgage payments, Mortgage Rates, Mortgages, Most Expensive, new, Other, pandemic, payments, percent, Personal, personal finance, photos, pins, podcast, Prices, rate, Rates, Realtors, Recession, Rent, rise, Rising mortgage rates, sales, sellers, taxes, the fed, time, under, Video, volume, will, Zillow

The U.S. housing market just took another hit – Fortune

March 6, 2023 by Brett Tams

The U.S. housing market just took another hit  Fortune

Posted in: Renting Tagged: 2, 2022, 2023, 30-year, 30-year fixed mortgage, agents, All, Applications, average, balance, Bank, builders, business, clear, cnbc, color, commodities, construction, crash, data, Economy, Employment, estate, Fall, Family, fed, Federal funds rate, Federal Reserve, Financial Wize, FinancialWize, fixed, funds, GDP, growth, hold, home, Home Price, home prices, Home Sales, Homebuilders, house, Housing, housing boom, Housing market, Housing markets, housing recession, How To, impact, improvement, index, Inflation, interest, interest rates, interview, investment, investors, jobs, Joel Kan, jump, Layoffs, Learn, Life, Make, market, markets, Monetary policy, More, Mortgage, Mortgage Bankers Association, MORTGAGE RATE, Mortgage Rates, Other, pandemic, points, president, pressure, price, Prices, Purchase, purchase applications, rate, Rates, Real Estate, Real Estate Agents, rebound, Recession, Residential, rich, right, risk, sales, seasonal, single, single-family, the fed, time, tools, Transaction, trust, Twitter, will, work

Selling or buying? Better check that calendar …

February 24, 2023 by Brett Tams

Update: We’d like to point out that both of these articles were authored by Greg Swann, who writes…

Posted in: Market News, Roommate Tips Tagged: 2021, 30-year, agent, All, analysis, ask, asking price, average, before, Benefits, Blog, Budget, Built, Buy, buyer, buyers, buyers market, Buying, ca, city, Clean, climate, closing, country, couple, data, decision, down payment, downsizing, dream, dream home, equity, estate, expensive, Fall, Family, Financial Wize, FinancialWize, first-time buyers, fixed, Florida, Forecast, growth, guide, healthy, historical, Holidays, home, home buyers, home buying, Home Improvements, Home Sales, home selling, home shoppers, homes, hot, hours, house, Housing, housing boom, Housing market, houston, il, improvements, inventory, job, kids, Learn, Lifestyle, list, list price, Listings, Loans, Local, LOS, low, Make, market, Market Trends, markets, memories, Miami, money, More, more money, Mortgage, Mortgage Rates, most popular, Move, Moving, moving in, multiple offers, new, new york, offer, offers, open houses, Other, pandemic, patterns, Personal, Popular, rate, Rates, ready, Real Estate, real estate markets, Research, retirement, return, right, sales, School, seasonal, Seasonality, Sell, sellers, selling, Selling a Home, shopping, short, Short Sale, southwest, Spring, summer, target, tax, tax refunds, time, timeline, tips, Tips & Advice, trends, trust, tx, update, vacations, value, warm weather, washington, Washington DC, weather, will, winter, Zillow, Zillow.com

Is It Actually a Good Thing That a Home Is an Illiquid Asset?

February 24, 2023 by Brett Tams

Here’s yet another post on the rent vs. buy argument, one that never seems to go away. I’ve written extensively on the pros and cons, but a recent conversation provided me with another interesting nugget. I was speaking with a guy who happens to be a CFP (I think) and we were discussing investing and… Read More »Is It Actually a Good Thing That a Home Is an Illiquid Asset?

The post Is It Actually a Good Thing That a Home Is an Illiquid Asset? appeared first on The Truth About Mortgage.

Posted in: Mortgage Tips, Refinance, Renting Tagged: 2016, All, apple, assets, before, Buy, buy a home, Buying, buying and selling, chance, condo, cons, decision, Employment, estate, event, experience, financial advisors, Financial Wize, FinancialWize, good, home, home buying, homeowners, homes, Housing, housing boom, Housing market, Income, Investing, investment, investments, Make, market, markets, model, More, Mortgage, mortgage payment, Mortgage Tips, Move, new, Opendoor, opportunity, Other, points, pretty, priceline, Prices, pros, Pros and Cons, protect, Real Estate, Rent, Sell, selling, shares, short, simple, smart, stock, stock market, stock trading, stocks, Technology, time, trading, traditional, trust, will
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