Housing market remains strong, despite mortgage rate worries. » Mortgage Masters Group

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Wednesday, June 27, 2018 Housing market remains strong, despite mortgage rate worries. Homebuilder Lennar reported sales and profits that topped forecasts and indicated there is still healthy demand for new homes despite rising mortgage rates. Source: Housing market remains strong, despite mortgage rate worries

While the tensions in the Middle East have helped boost oil prices and shares of energy companies, the wider market remains. housing market might be on slightly firmer footing, but it’s probably.

Expected data includes the MBA mortgage. still strong. “In November, we saw the market soften further, which we attribute to the cumulative impact of rising interest rates and the effect on buyer.

The Federal Reserve is raising interest rates, and that’s led some to worry that mortgage rates will spike and put an end to the housing boom in the United States. Not so fast, according to the head of a big homebuilder.

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Home sales are also expected to surge during this time, the reports noted. According to Fannie Mae’s Economic and Strategic Research Group’s (ESR’s. citing "positive impact of low mortgage rates, a.

Challenges in Housing and Mortgage Markets. About 20 percent of mortgage borrowers remain underwater–that is, they owe more than their homes are worth. Despite marked improvements in overall credit quality, 7 percent of mortgages are either more than 90 days overdue or in.

The housing market remains healthy, even under the specter of rising mortgage rates and an ongoing construction labor. higher lumber prices and a lack of lending for builder loans, Dietz said.

The Southern California median home price barely budged in May, a sign that the housing market remains soft despite a sustained drop in borrowing. in part because of mortgage rates. The average.

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