Banks tighten lending; 46% rejection rate on mortgage loans

Banks tighten lending; 46% rejection rate on mortgage loans

It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become considerably harder.   What does the decline in...
Marry, the house, date the rate, Airlines show this is a bad idea

Marry, the house, date the rate, Airlines show this is a bad idea

In almost every real estate advertisement I receive, there is a common theme that prospective buyers should not focus on the rate as they will be able to refinance relatively soon at a much lower rate.  How true is this theory?  Are rates going to drop quickly like in...
Has the housing market bottomed out?  Will housing prices continue to rise? What does this mean for interest rates

Has the housing market bottomed out?  Will housing prices continue to rise? What does this mean for interest rates

Like most, I have been surprised at the recent upward movement in prices.  Did we just experience the shortest housing cycle ever?  Are housing prices going to continue their recent upward swing?  Why are housing prices now moving higher after a very shallow decline...
The largest buyer of mortgages not buying a soft landing; what are mortgage rates in 2024?

The largest buyer of mortgages not buying a soft landing; what are mortgage rates in 2024?

Both the stock and bond markets are partying like its 99 again. Fannie Mae, the largest buyer of US mortgages, is not buying into the theory that a soft landing is the base case for the economy.  What is Fannie Mae predicting for inflation and in turn interest rates? ...