Category Archives: housing market

Low Mortgage Rates Boost Sales–Even with Limited Supply

Posted on June 29, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: FRED How is it possible the 30-year fixed conforming rate has fallen again to 4.0 percent for 1 origination point in California, yet has never been below 5 percent before the Great Recession, when mortgage fixed … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

Trade Wars Kill Future Growth—Part II

Posted on June 26, 2018 by Popular Economics Weekly

Popular Economics Weekly The sad reality is that in initiating trade wars with allies and opponents alike, President Trump could be bringing on the next Great Recession. Because breaking up trade alliances with our allies means less leverage in any … Continue reading →

Posted in Consumers, Economy, housing market, Keynesian economics, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

Housing Construction Booming For How Long With a Trade War?

Posted on June 19, 2018 by Popular Economics Weekly

The Mortgage Corner How is it possible the 10-year Treasury yield has fallen back to 2.88 percent, and the 30-year fixed conforming rate is again 4.0 percent for 1 origination point in California? It’s all because the Trump trade wars … Continue reading →

Posted in Consumers, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

April Housing Sales Slow

Posted on May 25, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday The above graph says it all. With rising interest rates, housing sales are slowing a bit. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent … Continue reading →

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Housing Construction, Leading Economic Indicators Still Strong

Posted on May 21, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday The residential housing market is still starving—of supply, that is. Not enough homes are being built to meet the surging demand of new households from both millennials and immigrants. This is when construction starts fell … Continue reading →

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

New-Home Sales, Consumer Confidence Booming

Posted on April 26, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Econoday In spite of rising mortgage rates, new-home sales are booming and consumer confidence is at multi-year highs. March new-home sales rose 4.0 percent annualized to 694,000 and is just off the expansion high of 711,000 … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , | Leave a comment

Housing Prices Rising Too Fast

Posted on April 4, 2018 by Popular Economics Weekly

The Mortgage Corner Graph: Marketwatch Housing prices are rising too fast to be sustainable over the long term says CoreLogic, a leading global property information, analytics provider. So buyers should be aware such unsustainable price rises could lead us into … Continue reading →

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Housing Sales, Leading Growth Indicator, Higher

Posted on March 23, 2018 by Popular Economics Weekly

The Mortgage Corner Higher new and existing-home sales, and continued economic growth are the reason the Fed raised their overnight rate into a range between 1.5 to 1.75 percent on Wednesday. Even with consistently low inventory levels and faster price … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Single Family Construction, Consumer Sentiment, Higher

Posted on March 20, 2018 by Popular Economics Weekly

The Mortgage Corner The US economy is booming, even with trade wars looming, and Putin attacking democratic institutions everywhere. The good news is interest rates and inflation are still extremely low, and consumers ebullient over their current status. Why not, … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Whither Go Interest Rates?

Posted on March 8, 2018 by Popular Economics Weekly

The Mortgage Corner Existing-home resales weakened in January as the NAR’s pending home sales index fell sharply and is pointing to trouble for final sales of existing homes where the year-on-year rate for January had already fallen back below the … Continue reading →

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , | Leave a comment