As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date.
Lackluster economic reports pushed mortgage rates down this week, according to the latest data released Thursday by Freddie Mac.
John M. Holland's insight:
Lackluster economic reports pushed mortgage rates down this week, according to the latest data released Thursday by Freddie Mac. So those of us in Texas benefit in two ways: 1. Our state economy is doing very well, thank you; and 2. Because the rest of the nation is still slogging along, the rates remain low;.
Bottom line: Lots of buyers out there to buy your nome. Now's a good time to sell.
This year has been a competitive one for many home buyers. Many buyers face competing bids and often folks will lose to the seemingly unbeatable “cash offer”, sometimes on multiple occasions. Losing multiple times to cash buyers is disheartening and will
Three Texas metropolitan areas, including Dallas, rank in the top five for outpacing the nation’s post-recession job growth due to regional competitiveness, according to new research released today by CareerBuilder and its Economic Modeling Specialists.
People tend to forget that what goes up eventually comes down. Similarly, low interest rates may have been satiating your investment appetite for some time, but eventually entropy prevails, and the economy usually rebounds.
The 30-year fixed-rate average slipped to 4.13 percent with an average 0.6 point. It was 4.15 percent a week ago and 4.37 percent a year ago. The 30-year fixed rate has fallen in four of the past five weeks.The 30-year fixed-rate average, which has fallen in four of the past five weeks, is now at 4.13 percent.
John M. Holland's insight:
The 30-year fixed-rate average slipped to 4.13 percent with an average 0.6 point. It was 4.15 percent a week ago and 4.37 percent a year ago. The 30-year fixed rate has fallen in four of the past five weeks.
After weeks of steady declines and levels well below originations the same time last year, mortgage applications jumped a surprising 10.3% from one week earlier, according to data for the week ending June 6 from the Mortgage Bankers Association.
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