http://www.housingwire.com/articles/32330-baml-oil-declines-could-fuel-lower-mortgage-interest-rates-in-2015
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Many advocacy groups in Washington are calling for the FHA to lower its annual mortgage insurance premiums. However, until the FHA fulfills its statutory requirement, that should be a nonstarter,” House Financial Services Committee Chairman Jeb Hensarling, U.S Representative of Texas cautioned in November. We’ve learned to many times that many representatives in Hollywood East have hidden agendas that’s only concern is Wall Street and this blogger feels if FHA was price competitive it would grow itself into is 2 percent ratio faster than strangling individual home buyers. -- Wes McKibbon http://203knetwork.org/real-estate-marketing-2/omnibus-spending-bill-for-2015/
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Shared and taken by Xalima Miriel, Architecture
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According to last year’s American Community Survey, one in three of those owner-occupied housing units doesn’t have any mortgage left to pay. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32324-how-many-homeowners-have-paid-off-their-mortgage
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While there are many in the Senate of both parties who are disappointed with only a one-year extension of the expired provisions, H.R. 5771 is likely to pass as the last best alternative to no tax extenders bill at all. The President has signaled that he will likely sign a one-year bill. --
-------------------------------------------------Shared and taken by Werner Polwein, Frankfurt am Main
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But there is something to keep an eye on as we head into 2015. While inflation on the consumer side via the Consumer Price Index remained tame in October, wholesale inflation came in hotter than expected. One month certainly doesn't constitute a trend—and expectations are for inflation to remain cool. But remember that inflation is bad for Bonds, as it impacts the value of fixed investments like Bonds. This means inflation can also cause home loan rates to worsen, as home loan rates are tied to Mortgage Bonds. -- Kevin A. Jones
http://www.mmgweekly.com/m/index.html?SID=3e6ad89fe36086fb79126e36c659f5df
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Fox noted that a negative 2014 trend that should persist into next year involves the absence of the full weight of the Millennial demographic from entering the housing world. The percentage of first-time homebuyers has dropped to 33 percent his year, a 27-year low, and a series of economic obstacles including tighter lending restrictions and increased housing prices have kept many Millennials from pursuing homeownership. Although efforts by the government-sponsored enterprises to ease the burdens on homeownership, including the recently introduced 3 percent downpayment guidelines, are designed to help, Fox expressed concern that outside factors will continue to limit activity. -- Phill Hall
http://nationalmortgageprofessional.com/news/52134/veros-absence-millennials-hurt-2015-housing-market?
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Shared and taken by Norbert Metz, "Come on in".
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PERSONAL INCOME AND OUTLAYS: NOVEMBER 2014
Personal income increased $54.4 billion, or 0.4 percent, and disposable personal income (DPI)
increased $42.4 billion, or 0.3 percent, in November, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $67.9 billion, or 0.6 percent. In October, personal income increased $49.8 billion, or 0.3 percent, DPIPCE increased $31.3 billion, or 0.3 percent, based on revised estimates.
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Real gross domestic product -- the value of the production of goods and services in the United
States, adjusted for price changes -- increased at an annual rate of 5.0 percent in the third quarter of2014, according to the "third" estimate released by the Bureau of Economic Analysis. In the second
quarter, real GDP increased 4.6 percent.-------------------------------------------------
Shared and taken by Norbert Metz, Mirror
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| NEW RESIDENTIAL SALES IN NOVEMBER 2014 |
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Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate of 438,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.6 percent (±12.3%)* below the revised October rate of 445,000 and is 1.6 percent (±17.8%)* below the November 2013 estimate of 445,000. |
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