Monday’s MBS Update – Housing Inventory

MBS Road Signs 8-23-21 Week of August 16, 2021 in Review July’s Housing Starts reached their weakest level since April, while supply chain bottlenecks continue to impact builders. Initial Jobless Claims hit a post-pandemic low, while Fed chatter about tapering continues. Housing Starts fell 7% in July, which was well short of expectations. More importantly, starts for single-family homes alsoRead More…

Victor Bals

Monday’s MBS Update – Inflation Remains Elevated

MBS Road Signs 8-16-21 Week of August 9, 2021, in Review Inflation remains elevated at both the consumer and wholesale levels, while Initial, Continuing, and Pandemic Jobless Claims all showed nice declines. Consumer inflation as measured by the Consumer Price Index (CPI) rose by 0.5% in July while the year-over-year reading remained at 5.4%, which is still the highest year-over-year increase iRead More…

The Housing Bubble Debate

Given how hot the housing market has been, you may have heard talk of a housing bubble in the media. Let’s break this down and analyze what causes a housing bubble. In typical bubble-like conditions, as we saw during the last housing bubble, there is a decline in demand and a large amount of supply. Back in 2007, there were roughly 3.7 million homes for sale and not enough demand to sop up thRead More…

Still on the fence about Refinancing – Here’s more good news!

Despite today’s low-interest rates and strong home values, some homeowners have delayed refinancing their homes. If that’s you, then recent industry news gives you another reason to move forward. The Federal Housing Finance Agency (FHFA) has removed an “adverse market fee” that was previously driving up costs to refinance. Depending on how it was calculated into the loan, it added eiRead More…

Student Loan Debt-to-Income Ratio Updated

FEDERAL HOUSING ADMINISTRATION TAKES STEPS TO REMOVE BARRIERS TO HOMEOWNERSHIP FOR THOSE WITH STUDENT LOAN DEBT Updates to Single Family student loan monthly payment calculation expand access to FHA-insured mortgage financing for creditworthy individuals, particularly in communities of color WASHINGTON – The Federal Housing Administration (FHA) on Friday announced updates to its student loan mRead More…

Home Prices Still Hot

Home Prices Feeling the Heat CoreLogic released their Home Price Index report for April, showing that home prices increased 2.1% from March. Prices also rose 13% year over year, which is up from the 11.3% annual gain reported for March. Within the report, the hottest markets once again were Phoenix (+21%), San Diego (+16%) and Denver (14%). CoreLogic forecasts that home prices will rise 1Read More…