Mortgage Rates Highest Since 2008 - Real Estate Investing Today
Mortgage Rates Highest Since 2008 - Real Estate Investing Today
We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008…Stay safe and have a Happy Friday!
“For real estate markets, the rising costs of borrowing are further cooling demand for homes and deepening the affordability crisis,” George Ratiu, Senior Economist at Realtor.com said in a statement. “The buyer of a median-priced home is looking at a monthly payment of $2,100 at today’s mortgage rate, a 66% jump from last year…”
Hat tip to Statista.
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We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008…Stay safe and have a Happy Friday! “For real estate markets, the rising costs of borrowing are further cooling demand for homes and deepening the affordability crisis,” George Ratiu, Senior Economist at Realtor.com ...
We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008…Stay safe and have a Happy Friday! “For real estate markets, the rising costs of borrowing are further cooling demand for homes and deepening the affordability crisis,” George Ratiu, Senior Economist at Realtor.com ...
Mortgage rates play a very crucial role in the real estate industry. With the way things are going today, what can investors expect in 2022? Mortgages Have Swiftly Increased in…
Mortgage rates play a very crucial role in the real estate industry. With the way things are going today, what can investors expect in 2022? Mortgages Have Swiftly Increased in…
The index comprised of 20.7 percent office, according to MSCI's Brazil Annual Property Index.
The post Brazilian Real Estate Return Highest since 2019 appeared first on Commercial Property Executive.
The index comprised of 20.7 percent office, according to MSCI's Brazil Annual Property Index.
The post Brazilian Real Estate Return Highest since 2019 appeared first on Commercial Property Executive.
It’s getting more expensive to buy a home. Mortgage rates increased again this week, sensing further aggressive rate hikes from the Federal Reserve. The 30-year fixed-rate mortgage averaged 5.89% as of Sept. 8, according to data released by Freddie Mac on Thursday. That’s up 23 basis points from the previous week—one basis point is equal to one hundredth of a percentage point, or 1% of 1%. The rise in rates is bad news for prospective buyers, as it potentially adds hundreds of dollars to...
It’s getting more expensive to buy a home. Mortgage rates increased again this week, sensing further aggressive rate hikes from the Federal Reserve. The 30-year fixed-rate mortgage averaged 5.89% as of Sept. 8, according to data released by Freddie Mac on Thursday. That’s up 23 basis points from the previous week—one basis point is equal to one hundredth of a percentage point, or 1% of 1%. The rise in rates is bad news for prospective buyers, as it potentially adds hundreds of dollars to...
New data from Redfin shows that home sales are getting canceled at the highest rate since the start of the pandemic. They say some buyers are backing out of deals as the slowing housing market gives them more room to negotiate – with some being forced to renege on contracts because of higher mortgage rates. Data shows that nearly 60k home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month. “The slowdown in housing-market competition is g...
New data from Redfin shows that home sales are getting canceled at the highest rate since the start of the pandemic. They say some buyers are backing out of deals as the slowing housing market gives them more room to negotiate – with some being forced to renege on contracts because of higher mortgage rates. Data shows that nearly 60k home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month. “The slowdown in housing-market competition is g...
Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.
Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.
Builders have abandoned the market below $300,000.
Builders have abandoned the market below $300,000.
But future bond buyers get the higher yields.
But future bond buyers get the higher yields.