Mortgage Rate Articles

What Hurricane Harvey means for real estate and mortgage rates

CoreLogic reports that early-stage delinquency rates peaked at over 7 percent in some Texas markets during September 2017, as the Lone Star State dealt with the impacts of Hurricane Harvey’s.

Home equity loan vs line of credit (HELOC) Mortgage Rates Today, Tuesday, Nov. 8: Consumers Pessimistic About Buying a Home Mortgage rates recovered today after rising to the highest levels in a week as. Highest rates in more than 7 years in Oct/Nov. 8-month lows by the end of the year This is a bit of a crossroads. The.Home Equity Lines of credit. home equity loans work differently than traditional loans, acting as a line of credit. This means that the bank will approve to borrow up to a certain amount of your home, but your equity in the home stands as collateral for the loan. The interest rates are lower than they would be with a credit card.

Just how bad is the impact of hurricane Harvey on the Houston housing market? What will it mean for real estate investors? What does the potential for recovery look like? Harvey’s Impact on Houston. At least tens of thousands of Houston housing units have been impacted by Harvey. Some estimates put this damage at around $400B.

Recent developments support my view that the Federal Reserve is artificially propping up short-term risk-free interest rates. The ishares mortgage real estate Capped ETF (BATS. premium to net asset.

Lending gets easier for Millennial home buyers Lending gets easier for Millennial home buyers. The continuing dearth of housing inventory could pose a problem, though. "With prices and mortgage rates also expected to increase, affordability pressures will persist," Yun said. "That is why it is critical for much of the country to start.

The average rate for a 30-year fixed-rate mortgage has fallen by nearly a. a seven-year high of about 5 percent in October – real estate agent. to the Houston Association of Realtors, although Hurricane Harvey, which.

Mortgage Rates Wednesday, July 19: Applications Increase as Rates Continue to Fall All News about MBA's Weekly Applications Survey | Mortgage. – July 19, 2017 . Mortgage Applications Decrease in Latest MBA weekly survey. mortgage Applications Increase as Rates Continue to Drop in Latest MBA Weekly Survey. 2016 . Refinance Mortgage Applications Increase as Rates Fall in Latest MBA Weekly Survey . January 20, 2016

Recent research by the Urban Institute, funded by JPMorgan Chase, found that disasters lead to broad, and often substantial, negative impacts on financial health such as credit scores, mortgage.

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Hurricane. on their mortgages. mortgage delinquency rates soared in September and October in many of the coastal and other cities flooded by Harvey, including Houston, Beaumont and Corpus Christi,

Natural disasters frequently affect real estate markets where they occur. But Hurricane Harvey's impact could be far more wide-reaching.

Hurricane Harvey Relief for Mortgage Payers: The Mortgage Bankers Association of America along with HUD and FHFA are all working together to offer financial relief to homeowners with mortgages. For these reasons, private mortgage loans generally carry a higher-than-market interest rate.

Mortgage rates and Hurricane Harvey. Freddie Mac reports that prime mortgage rates were 3.86 percent for the week of August 24th just before the storm. They actually fell to 3.82 percent for the week of August 31st. Today’s mortgage rates are remarkably low by historic standards, and did not spike as a result of Harvey.

MBA Mortgage Applications. Mortgage applications were down 9.7% last week, with applications to purchase falling 11%. Refinance applications also fell 9% as the average rate on a conforming 30-year fixed-rate mortgage was up one basis point to 4.04%. Existing Home Sales. Hurricane Harvey impacted sales in the South, which were down 5.7%.