However, the resiliency of the housing sector continues to amaze, ... 2005 will be another banner year for the housing industry. |
However, the resiliency of the housing sector continues to amaze. 2005 will be another banner year for the housing industry. |
However, the rise in mortgage rates will be measured, not extreme, and that will help keep the housing industry stable and affordable in the coming months. |
However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up, ... This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy. |
However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up. This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy. |
I can't see how we can maintain double-digit house price growth nationwide like we have enjoyed. |
If Friday's Producer Price Index results and next week's Consumer Price Index results confirm that inflation remains under control, then we may even see mortgage rates go a little lower. |
If it comes to pass that long-term Treasury yields are higher, that means that mortgage rates will become more expensive for consumers. |
If that is the case, mortgage rates may continue their gradual upward trend. |
In 2001, homeownership rose to an all-time record of 67.8 percent of the population, fueled by low mortgage rates, ... Last year, mortgage rates were low and stable, averaging 6.97 percent. And this year, forecasts are for much of the same. |
In 2001, homeownership rose to an all-time record of 67.8 percent of the population, fueled by low mortgage rates. Last year, mortgage rates were low and stable, averaging 6.97 percent. And this year, forecasts are for much of the same. |
In advance of what is hoped will be a strong jobs report tomorrow, bond yields rose this week and, predictably, so did mortgage rates, |
In his speech to the Bay Area Council Conference last Friday, Federal Reserve Chairman Alan Greenspan remarked that we were not out of the woods yet, leading the financial markets to suspect another rate cut may be in the offing. This brought about this week's drop in interest rates in anticipation of such an event. |
In spite of the job losses caused by hurricanes Katrina and Rita, the employment report was better than had been expected. This indicates that economic growth is likely to accelerate in 2006. That acceleration of growth, coupled with the specter of higher energy costs, will translate into higher long-term mortgage rates in the coming months. |
In spite of the sluggishness in the economy, nearly 25 percent of all mortgages were refinanced in 2002, saving those homeowners an average $1,200 per year to spend or save as they see fit, ... And with interest rates as low as they currently are, refinancing will continue to be a viable option for some. |