Mortgage Banks/Real Estate Credit

I’m the chief economist of a mortgage agency that has funded greater than $100 billion in loans. These are 3 issues to know in regards to the housing market now.

[ad_1] Cameron Findlay As residence costs and mortgage charges march upwards, and housing stock stays critically constrained, many consumers are…

2 years ago

I wish to refinance my mortgage, however I am about to show 70. Is it clever to refinance at my time of life?

[ad_1] I hope you possibly can assist me determine this out. I'm 69 years outdated and can flip 70 on…

2 years ago

Fed’s biggest rate hike since 1994 means millions more homebuyers may be priced out of the housing market: ‘Desperate times call for desperate measures’

[ad_1] Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis…

2 years ago

Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.

[ad_1] Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making extra…

2 years ago

Good news for home buyers? Fannie Mae chief economist says the U.S. housing market has finally turned a corner. Here’s why.

[ad_1] The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6%…

3 years ago

I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now?

[ad_1] I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a…

3 years ago

I’m house-rich and cash-poor. Should I refinance my house and set up a joint savings account with my husband? ‘I can tolerate him for 7 months — at the most.’

[ad_1] Dear Quentin, My husband of seven years owns a home in Minnesota and has a mortgage. I own a…

3 years ago