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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Categories
Homes Millbrae Pages
Tag Archives: Mortgage Rates
Sales Soar as Manhattan Condos Kick Co-Op Prices
“They have may have re-financed, and they may have taken out a second mortgage,” said Jonathan Miller, CEO of Miller Samuel, a real estate appraisal and consultancy. “When they bought the home they may have figured out a way to … Continue reading
Posted in Real Estate News
Tagged Co Ops, Corelogic, Equity Position, Home Builders, homes millbrae, Jonathan Miller, Luxury Penthouse, Manhattan Condominiums, Manhattan Condos, Median Price, Mortgage Rates, Negative Equity, Optimism, Price Increases, Real Estate Appraisal, Residential Sales, S Market, Savvy Buyers, Scarcity, Second Mortgage, Willkie
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Mortgage interest rates on upswing: Here’s the pocketbook impact
What a difference two months (and 1.11%) makes: Higher rates mean this Brisbane condo would now pencil out to $254 more a month (Kiesha Stephens/Redfin) Mortgage interest rates are on a tear. Last week they registered their sharpest one-week spike … Continue reading
Posted in SF Bay Area News
Tagged Balancing Act, Bedroom Condo, Freddie Mac, Great Outdoors, Hebron, Home Values, homes millbrae, Housing Market, Monthly Mortgage Payments, Mortgage Broker, Mortgage Interest Rates, Mortgage Rate, Mortgage Rates, Owner Broker, Rate Increase, Redfin, Refinances, Shoestring Budget, Upswing, Uptick, Voorhees
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Pending Home Sales Soar 6.7 Percent to 6-Year High
“Even with limited choices, it appears some of the rise in contract signings could be from buyers wanting to take advantage of current affordability conditions before mortgage interest rates move higher,” said Lawrence Yun, chief economist for the Realtors. “This … Continue reading
Posted in Real Estate News
Tagged 100 Basis Points, Affordability, Buyers Advantage, Chief Economist, Choices, Conforming Mortgage, Continuation, Contract Signings, Contracts, Fixed Mortgage, homes millbrae, Limited, Mortgage Interest Rates, Mortgage Rates, Price Increases, Realtors, Rush, Soar
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Home Sales at Risk Due to Rising Mortgage Rates
Lengthy loan locks could cost buyers thousands of extra dollars, which on the lower end might not be affordable and could scuttle the deal. While some builders can complete a home in 100 days, labor constraints have been slowing construction … Continue reading
Posted in Real Estate News
Tagged Backlogs, Challenges, Cnbc, David Goldberg, Diana Olick, Drywall Finishers, Facebook, Foreclosures, Framers, Homes For Sale, homes millbrae, Labor Constraints, Locks, Mortgage Loan, Mortgage Rates, Painters, Record Gain, Skilled Labor, Such A Surge, Supply Constraints, Ubs
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Rising Mortgage Rates Cause ‘Rush to ARMs’
“Mortgage rates increased by the most in a single week since 2011, and refinance application volume dropped to its lowest level in almost two years. However, applications for conventional purchase loans picked up by more than 3 percent over the … Continue reading
Posted in Real Estate News
Tagged Application Volume, Banks, Buyer Demand, California Coast, Consumers, Cop, Depression, homes millbrae, Interest Rates, Job, Mba, Mortgage Applications, Mortgage Payment, Mortgage Rate, Mortgage Rates, Oceanside, Purchase Loans, Race Against Time, Rates Mortgage, Rental Apartment, Rush
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