Tag Archives: Loan Products

Fast rising mortgage rates are dire for housing

Hanson is predicting a 19 percent jump in contract cancelations for the home builders for sales made between December 2012 and June of this year. That is because 70 percent of homes sold in that time were not built yet, … Continue reading

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Fast Rising Mortgage Rates Are Dire for Housing

Hanson is predicting a 19 percent jump in contract cancelations for the home builders for sales made between December 2012 and June of this year. That is because 70 percent of homes sold in that time were not built yet, … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fast Rising Mortgage Rates Are Dire For Housing

Hanson is predicting a 19 percent jump in contract cancelations for the home builders for sales made between December 2012 and June of this year. That is because 70 percent of homes sold in that time were not built yet, … Continue reading

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Home Builders Slow New Construction, Raise Prices

(Read More: Home Builder Confidence Hits 7-Year High) “What are they so excited about?” asked Hunter. “That they have pricing power.” Housing completions fell 0.9 percent to an annualized rate of 690,000, well below demand. Underlying demand consists of new … Continue reading

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Big Banks Bet on Jumbo Mortgages Again

As home prices rise, though, the opportunity grows in the jumbo market. Sales of homes priced between $750,000 and $1 million were up 41 percent in April from a year ago, while sales of homes priced below $100,000 were down … Continue reading

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