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  • Home buyers disappearing fast

    From ScottW@21:1/5 to All on Wed Mar 1 08:02:50 2023
    Mortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than the same week one year ago, and is now sitting at a 28-
    year low.

    This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.71% from 6.62%, with points rising to 0.77 from 0.75 (including the origination fee) for loans with a 20% down
    payment. That is the highest rate since November of last year.

    Way to go Joe!

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Wed Mar 1 11:00:43 2023
    On 3/1/23 10:02 AM, ScottW wrote:
    Mortgage applications to purchase a home dropped 6% last week
    compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than
    the same week one year ago, and is now sitting at a 28-year low.

    This as the average contract interest rate for 30-year fixed-rate
    mortgages with conforming loan balances ($726,200 or less) increased
    to 6.71% from 6.62%, with points rising to 0.77 from 0.75 (including
    the origination fee) for loans with a 20% down payment. That is the
    highest rate since November of last year.

    Way to go Joe!

    Do you prefer more mortgages or more inflation?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Wed Mar 1 10:04:33 2023
    On Wednesday, March 1, 2023 at 9:00:45 AM UTC-8, mINE109 wrote:
    On 3/1/23 10:02 AM, ScottW wrote:
    Mortgage applications to purchase a home dropped 6% last week
    compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than
    the same week one year ago, and is now sitting at a 28-year low.

    This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased
    to 6.71% from 6.62%, with points rising to 0.77 from 0.75 (including
    the origination fee) for loans with a 20% down payment. That is the highest rate since November of last year.

    Way to go Joe!
    Do you prefer more mortgages or more inflation?

    I prefer Stephen refrain from false choices.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Thu Mar 2 08:34:17 2023
    On 3/1/23 12:04 PM, ScottW wrote:
    On Wednesday, March 1, 2023 at 9:00:45 AM UTC-8, mINE109 wrote:
    On 3/1/23 10:02 AM, ScottW wrote:
    Mortgage applications to purchase a home dropped 6% last week
    compared with the previous week, according to the Mortgage Bankers
    Association’s seasonally adjusted index. Volume was 44% lower than
    the same week one year ago, and is now sitting at a 28-year low.

    This as the average contract interest rate for 30-year fixed-rate
    mortgages with conforming loan balances ($726,200 or less) increased
    to 6.71% from 6.62%, with points rising to 0.77 from 0.75 (including
    the origination fee) for loans with a 20% down payment. That is the
    highest rate since November of last year.

    Way to go Joe!
    Do you prefer more mortgages or more inflation?

    I prefer Stephen refrain from false choices.

    No, that's a real tradeoff due to interest rates. If you want to talk
    about false correlations, blame the sitting president for anything that happens.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Thu Mar 2 07:01:11 2023
    On Thursday, March 2, 2023 at 6:34:19 AM UTC-8, mINE109 wrote:
    On 3/1/23 12:04 PM, ScottW wrote:
    On Wednesday, March 1, 2023 at 9:00:45 AM UTC-8, mINE109 wrote:
    On 3/1/23 10:02 AM, ScottW wrote:
    Mortgage applications to purchase a home dropped 6% last week
    compared with the previous week, according to the Mortgage Bankers
    Association’s seasonally adjusted index. Volume was 44% lower than
    the same week one year ago, and is now sitting at a 28-year low.

    This as the average contract interest rate for 30-year fixed-rate
    mortgages with conforming loan balances ($726,200 or less) increased
    to 6.71% from 6.62%, with points rising to 0.77 from 0.75 (including
    the origination fee) for loans with a 20% down payment. That is the
    highest rate since November of last year.

    Way to go Joe!
    Do you prefer more mortgages or more inflation?

    I prefer Stephen refrain from false choices.
    No, that's a real tradeoff due to interest rates.

    Ounce of prevention is worth a pound of cure.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Thu Mar 2 14:55:13 2023
    On 3/2/23 9:01 AM, ScottW wrote:
    On Thursday, March 2, 2023 at 6:34:19 AM UTC-8, mINE109 wrote:
    On 3/1/23 12:04 PM, ScottW wrote:
    On Wednesday, March 1, 2023 at 9:00:45 AM UTC-8, mINE109 wrote:
    On 3/1/23 10:02 AM, ScottW wrote:
    Mortgage applications to purchase a home dropped 6% last week
    compared with the previous week, according to the Mortgage Bankers
    Association’s seasonally adjusted index. Volume was 44% lower than >>>>> the same week one year ago, and is now sitting at a 28-year low.

    This as the average contract interest rate for 30-year fixed-rate
    mortgages with conforming loan balances ($726,200 or less) increased >>>>> to 6.71% from 6.62%, with points rising to 0.77 from 0.75 (including >>>>> the origination fee) for loans with a 20% down payment. That is the
    highest rate since November of last year.

    Way to go Joe!
    Do you prefer more mortgages or more inflation?

    I prefer Stephen refrain from false choices.
    No, that's a real tradeoff due to interest rates.

    Ounce of prevention is worth a pound of cure.

    Way to go, Joe!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)