Housing Wire
APRIL 27, 2022
Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. Interest in residential mortgage loans fell 8.3%
Housing Wire
APRIL 14, 2022
Participants also generally agreed that the caps could be phased in over a period of three months or modestly longer if market conditions warrant.”. When new MBS runoff-replacement contraction program will begin is not clear at this point. in 2009 to 1.9% The FOMC’s next meeting is in early May.
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Will Springer Realtor
JUNE 9, 2021
Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand. The home, which apparently was never occupied since the building opened in 2009, comes with five deeded parking spaces.
Housing Wire
DECEMBER 20, 2021
To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes. The program prevented $8.3
Appraisal Today
MARCH 22, 2024
acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+
Appraisal Today
JUNE 17, 2022
NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. 8-minute podcast.
Appraisal Today
MAY 26, 2023
A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. We all know this is true. percent from 6.57
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