Tag Archives: mortgage rates

Mortgage rates collapse (again)

This week mortgage rates collapsed again.  This is tricky since it wasn’t long ago that we thought the economy was gaining strength.  Apparently the Fed and the market think otherwise.  This was the largest one week drop in a decade!  Lower rates could bring some real estate buyers off the sidelines.   However, if rates cannot […]

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A hiccup or a rebound?

We are trying to determine if this recent data is a hiccup or the start of a rebound in housing activity.  Deal volume picked up in February with a total of 5,790 closed residential transactions, up from the dismal number of 5,113 in January.  We always remind people that one month doesn’t make a trend, […]

Posted in Fort Lauderdale real estate, Market Insight, Miami real estate, Mortgage rates, Palm Beach real estate, South Florida Real Estate | Also tagged , , , , | Comments closed

Pick your poison

When it comes to the current housing and mortgage market, I guess you have to pick your poison.  If rates move lower, there is a very good chance that the economy is slowing and the housing market will struggle.  If rates move higher, the economy may be stronger, but the higher rates will hurt the […]

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Will they see it this time around?

Will the real estate agents see it this time around?  So many of them were blindsided by the last downturn.  They were busy selling and collecting commissions on overpriced properties, ignoring all of the signs of a frothy market.  My guess is they won’t see it, because they don’t want to.  More importantly, real estate […]

Posted in Condo market, Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate | Also tagged , , | Comments closed

The big unwind

A big unwind is on the horizon.  Although the low rates and easy money helped propel the real estate markets to new highs, it is important to maintain some perspective on how these levels were reached.  There has been lots of market manipulation “tools” in order to create this latest bubble, so don’t expect it […]

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Teaser rates

Teaser rates may be a thing of the past and now we will see if the South Florida residential market can hold-up.  Today we will look at the average sale prices of houses and condos in the Greater Fort Lauderdale area.  This chart is through August, before the last pop in mortgage rates hit.  It […]

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Pump it up

Pump it up!  Memorial Day weekend is here and it’s time to kick back, relax and look at a few charts of the South Florida residential real estate market. Today we will look at the average sale prices, transaction volume, mortgage rates and foreclosure filings. Pump up the prices The April existing home sales data […]

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Real estate speculation is a risky business

Real estate speculation is a a risky business.  Markets lose liquidity very quickly once rates increase and transaction volume starts to decline.  Ignoring some of these warnings will prove costly for some in this cycle, just like it did in the last one.  Take a look at this chart of transaction volume and you will […]

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Break on through

Rates have finally decided to break on through (to the other side) to quote The Doors.  We have been talking about how rates have been knocking on the door for awhile now and it finally happened.  This week the 10-year bond yield crossed 3.03% and the 30-year bond crossed 3.22% today.  Real estate agents need to be […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate | Also tagged , | Comments closed

Picked off running the bases

If you aren’t careful, you will get picked off while running the bases playing baseball.  Sometimes the game gets a little sleepy and the payers and fans drift away and stop paying attention.  The past decade of federal reserve accommodation in the form of low rates has removed most of the challenges from the real […]

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