After the first round of the NFL playoffs concluded early in the month, we noticed that the city with the highest mortgage rate won each matchup. That being the case, we decided to create a bracket and pick the winner of the Super Bowl based off which city had the highest mortgage rate. Our “winner” is the Seattle Seahawks.
Homebuilders have stepped up production of for-sale houses, but in a cautious and measured way that might not be enough to ease supply constraints in some markets, judging by recent reports from the National Association of Home Builders (NAHB) and the U.S. Census Bureau.
The NAHB reported that homebuilding nationwide declined 9.8 percent to 999,000 units in December. That figure is seasonally adjusted to account for the slower pace of construction in winter and annualized to represent how many homes would be completed if the monthly pace continued for a year.
At the beginning of the month, HSH.com put together a slideshow of all the teams in this year’s NFL playoffs along with some interesting facts about their corresponding housing markets.
After the first round of the playoffs concluded, we noticed that the city of every team which came out victorious had a higher mortgage rate than their opponent. For fun we thought, “how about we pick the winners of all the playoff games, including the Super Bowl, based on which city had the highest mortgage rate.”
But in fact, those nine states, plus the District of Columbia, were the top 10 U.S. destinations people moved to last year, according to an annual study recently released by United Van Lines, a moving van company headquartered in St. Louis.
The economy, and by extension mortgage rates, is a funny thing. Over the last several weeks, the economy has been a steady drumbeat of positive economic data. The latest available GDP estimate was over four percent for the first time in a while. The Federal Reserve was confident enough in the economy that they finally decided to reduce their purchases of Treasuries and Mortgage Backed Securities.
But thanks to this positive data, mortgage rates began trending upward. Mortgage forecasters, us included, projected that mortgage rates would continue to trend upward during 2014 compared to the year before.
If you’re shopping for a mortgage, online tools could help you get lower costs, fewer surprises at closing and higher long-term satisfaction with your choice. In fact, if you don’t look online for mortgage rates, a lender or real estate agent, you might be selling yourself short.
That’s according to a new Fannie Mae study about how consumers leverage technology in buying a home or obtaining a mortgage.
The rise in mortgage rates that ensued after the October employment report was released in early November has sustained into the new year.
Current mortgage rates
According to the latest data from HSH.com’s Monday-through-Friday survey: Read the rest of this entry »
The most popular article on HSH.com in 2013 was “Seller’s remorse? How to back out of a home sale contract.”
Like number two on our list, this article is about backing out of a contract. But this time it’s from the seller’s perspective. Again, we were really surprised that so many readers were interested in this subject matter.
I have to admit, I was a bit surprised this year when I saw “Can you get out of a home purchase contract?” as one of the most popular articles on our site week after week. One would assume that the uncertainty of the mortgage and real estate markets of 2011 (when this article was written) had passed.
Either more and more homebuyers were dropping out of sales contracts, or they wanted to be prepared just in case they had to.
“The salary you must earn to buy a home in 25 cities,” number three on our list of the top-10 pieces of content for 2013, was one of our more recent, and as you can see, most popular pieces of 2013. This is the first slideshow on our list.