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All Encompassing Mortgage and Real Estate Thread


UTPhil2006

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1 hour ago, horn4life said:

See there is a way to lower rates!  Either have me buy back in a bit to PLTR, or have the overall stock market sell off more broadly.  

10 year down to 4.518, or 10 basis points,  Dow futures down 1%, nasdaq down 4%.  

 

 

Looooong way to go but every little bit counts 

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From CNBC a sec ago -New home sales up to 698K vs 671K estimate.  New home sales based on signed contracts during the month.  Median sale price up 2.1% year over year, along with the obvious high interest rates. Incentives and mortgage buydowns.  Said most increases in NE and West.  

I will be curious how the MMI looks.  Builders and lenders are two different animals, though clearly symbiotic in nature.  I spoke way back about "buyer capitulation" on interest rates, and what might show that would be a rising MMI even against the higher rate?  But if new homes are still rising year over year, and that translates to the larger market, prices are going up.  If that is the case, then you make up that point you are trying to save in appreciation fairly rapidly.

 

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