Joe Flacco
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https://www.cnbc.com/2018/06/12/tudor-jones-stock-market-higher.html
Paul Tudor Jones is seeing this chart.
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How Long Do You Think It Will Be?
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https://www.cnbc.com/2018/06/12/tudor-jones-stock-market-higher.html
Paul Tudor Jones is seeing this chart.
Randolph Kinney
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53% of Americans who have or plan to buy a home admit they're concerned about their ability to afford a home in the current market.
A new survey from online lender and FDIC-insured bank Laurel Road out Monday reports that ten years after the 2008 housing crisis, college-educated Americans eye the housing market with caution, as more than half (53%) of Americans who have or plan to buy a home admit they're concerned about their ability to afford a home in the current market. The findings also reveal that Americans on average believe a similar housing crash will occur in the next five years, and nearly one-fifth of respondents anticipate a crash in less than one year.
The National Association of REALTORS® found that in 2017 that the median down payment for first-time buyers was 6% of total home price for three straight years.
The survey revealed that Americans think mortgage interest rates in the U.S. will reach 6%, on average, by the end of the year. Interestingly, millennials (70%) are the most concerned about the impact of rising rates, compared to 60% of Gen Xers and 35% of boomers.
The majority of people (74%) who have bought, or plan to buy, a home would only accept an interest rate of less than 6% before they decided not to move forward with a purchase.
http://www.builderonline.com/money/mortgage-finance/survey-shows-anxiety-over-housing-market_o
Seems like the sentiment of buyers is negative for buying a home and buyers expect another housing crash. They need to talk to Joe, buck up, things are great, buy a home!
A new survey from online lender and FDIC-insured bank Laurel Road out Monday reports that ten years after the 2008 housing crisis, college-educated Americans eye the housing market with caution, as more than half (53%) of Americans who have or plan to buy a home admit they're concerned about their ability to afford a home in the current market. The findings also reveal that Americans on average believe a similar housing crash will occur in the next five years, and nearly one-fifth of respondents anticipate a crash in less than one year.
The National Association of REALTORS® found that in 2017 that the median down payment for first-time buyers was 6% of total home price for three straight years.
The survey revealed that Americans think mortgage interest rates in the U.S. will reach 6%, on average, by the end of the year. Interestingly, millennials (70%) are the most concerned about the impact of rising rates, compared to 60% of Gen Xers and 35% of boomers.
The majority of people (74%) who have bought, or plan to buy, a home would only accept an interest rate of less than 6% before they decided not to move forward with a purchase.
http://www.builderonline.com/money/mortgage-finance/survey-shows-anxiety-over-housing-market_o
Seems like the sentiment of buyers is negative for buying a home and buyers expect another housing crash. They need to talk to Joe, buck up, things are great, buy a home!
Joe Flacco
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https://www.usatoday.com/story/mone...-why-you-shouldnt-worry-rates-rise/685970002/
"And fear of a false factor is always bullish. Fears don’t get much more false than today’s rising-rate phobia. "
Randolph Kinney
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From your article:
"A poll of financial professionals shows they think rates will keep rising, believing the Federal Reserve’s hikes will push long-rates up."
Seems like the buying public at large as wells as financial professionals are in sync with their "fears" or is it history?
Joe Flacco
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He is saying probably won't rise a lot and even if it does then it is still not bearish.
Randolph Kinney
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The Federal Reserve is widely expected to again raise its key short-term interest rate this week as U.S. economic growth remains strong and unemployment is at an 18-year low. The bottom line for borrowers: Everything from credit cards to auto loans to mortgages is about to become more expensive.
The most immediate affect for consumers will appear in the form of higher interest rates on credit cards, home equity lines of credit and adjustable rate mortgages, said Greg McBride, chief financial analyst for Bankrate.com. The average credit card now charges a record-high 17 percent, and that will climb further, he said.
For borrowers with adjustable-rate mortgages, the affects could be dramatic, he said. "If your variable-rate mortgage only adjusts once a year, and there were three interest rate hikes in that year, borrowers should hang on because the monthly payment difference could be a doozy."
Rates on new mortgages and car loans will also go up, resulting in higher monthly payments, he said. Fixed rates have been on the rise, with the benchmark 30-year mortgage rate recently hitting a seven-year high of 4.8 percent during the week of May 23 before retreating.
The Fed's latest rate actions are a result of its dual mandate: to keep inflation in check and to optimize employment. Unemployment has steadily declined, reaching 3.8 percent in May. U.S. economic growth is expected to be in the range of a robust 4.1 percent to 4.5 percent in the second quarter, according to notes by the Federal Reserve Bank of Atlanta and independent research firm Macroeconomic Advisers.
The strong economy is causing an increase in demand for resources, a moderate rise in wages and nonlabor costs, heightening inflationary fears, said Kathy Bostjancic, an economist with Oxford Economics, in a research note. The Fed raises interest rates to cool down the economy and keep prices in check.
The current inflation rate is 2.5 percent for the 12 months ended April 2018, according to the U.S. Labor Department. The Fed has an annual inflation target of about 2 percent, Bostjancic said.
https://www.cbsnews.com/news/why-your-budget-will-feel-the-feds-next-rate-hike/
Prices are up, wages are up, and GDP growth is up. It is likely the FED will have be more aggressive with raising interest rates as GDP growth accelerates.
The most immediate affect for consumers will appear in the form of higher interest rates on credit cards, home equity lines of credit and adjustable rate mortgages, said Greg McBride, chief financial analyst for Bankrate.com. The average credit card now charges a record-high 17 percent, and that will climb further, he said.
For borrowers with adjustable-rate mortgages, the affects could be dramatic, he said. "If your variable-rate mortgage only adjusts once a year, and there were three interest rate hikes in that year, borrowers should hang on because the monthly payment difference could be a doozy."
Rates on new mortgages and car loans will also go up, resulting in higher monthly payments, he said. Fixed rates have been on the rise, with the benchmark 30-year mortgage rate recently hitting a seven-year high of 4.8 percent during the week of May 23 before retreating.
The Fed's latest rate actions are a result of its dual mandate: to keep inflation in check and to optimize employment. Unemployment has steadily declined, reaching 3.8 percent in May. U.S. economic growth is expected to be in the range of a robust 4.1 percent to 4.5 percent in the second quarter, according to notes by the Federal Reserve Bank of Atlanta and independent research firm Macroeconomic Advisers.
The strong economy is causing an increase in demand for resources, a moderate rise in wages and nonlabor costs, heightening inflationary fears, said Kathy Bostjancic, an economist with Oxford Economics, in a research note. The Fed raises interest rates to cool down the economy and keep prices in check.
The current inflation rate is 2.5 percent for the 12 months ended April 2018, according to the U.S. Labor Department. The Fed has an annual inflation target of about 2 percent, Bostjancic said.
https://www.cbsnews.com/news/why-your-budget-will-feel-the-feds-next-rate-hike/
Prices are up, wages are up, and GDP growth is up. It is likely the FED will have be more aggressive with raising interest rates as GDP growth accelerates.
TRESinc
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let's party like it's 2005!
Meandering
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And mortgage brokers are saying that equity is the highest it has ever been in this country,
https://thenationalrealestatepost.com/was-it-legal-to-fire-cfpb-advisory-board/
And if someone could find a mortgage origination chart that shows the volume of new loans originated through Q1 2017,
they can surf the net better than me, but heck if i could find one.
.
https://thenationalrealestatepost.com/was-it-legal-to-fire-cfpb-advisory-board/
And if someone could find a mortgage origination chart that shows the volume of new loans originated through Q1 2017,
they can surf the net better than me, but heck if i could find one.
.
TRESinc
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https://www.attomdata.com/news/home...residential-property-loan-origination-report/
ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q1 2017 U.S. Residential Property Loan Origination Report, which shows that more than 1.4 million (1,415,847) loans were originated on U.S. residential properties (1 to 4 units) in the first quarter of 2017, down 30 percent from the previous quarter and down 21 percent from a year ago.
The total dollar volume of loan originations in the first quarter was also down 21 percent from a year ago to $347.9 billion, the lowest since Q1 2014 — a three-year low.
Joe Flacco
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You guys do realize that Q1-2017 is more than a year ago right?
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