We love it when a plan comes together. Heading into yesterday’s Fed announcement, the hope was that a rate hike would reassure investors in longer-term bonds (like those that underlie mortgage rates). We also didn’t expect that benefit to necessarily play out on the day of the hike itself (it didn’t). In fact, Fed day […]
Mortgage Rates Back Near Lows of The Week Read More »
Homeowners are choosing to stay put, limiting opportunities for first mortgages but giving lenders a chance to take advantage of a growing renovation market. Processing Content Nearly 75% of homeowners said they’re focused on staying in their current home and improving it, according to a survey of 2,000 homeowners in the United States conducted by
Renovation lending opportunities await lenders, survey finds Read More »
Lennar Corp. highlighted yet another challenge for homebuilders that have been contending with sluggish demand and high mortgage rates: price competition from a growing supply of existing homes. Processing Content It’s especially notable in Florida and Texas, two of Lennar’s largest markets, Chief Executive Officer Stuart Miller said on a call with analysts Thursday. “When
Florida home sellers cut prices, add to pressure on Lennar Read More »