SDB Club Benchmark Real Estate

In recent years, millions of Americans looked at their houses and saw big, fat piggy banks. And it occurred to them to take out big, fat new mortgages. Few did it on the scale of Ronald Burkle. Mr. Burkle, the grocery-store billionaire, has $56 million in loans against two houses, including $9 million added last [...]

Rates for 30 year mortgages rose for the second-straight week, Freddie Mac said Thursday. The average rate for a 30-year fixed mortgage was 5.25 percent this week, up from 5.2 percent last week. Last year at this time, 30 year mortgages averaged 6.52 percent, Freddie Mac said. Earlier this year, rates on 30 year mortgages [...]

Here’s a feedback loop that nobody expected: It looks like investors’ expectations for an economic recovery could end up delaying that very scenario. Fear of inflation and concerns over the long-term impact of ballooning government debt have been driving up yields on 10-year U.S. Treasury notes, which reached 3.91% on June 8 before easing back [...]

Chicago property is an example of the best success stories of the fresh boom in property costs. With low, low mortgage rates for Chicago home mortgage loans, requirement for property is going thru the roof as folks rush to snap up great houses on the gorgeous Chicago lakefront, as well as in Chicago’s many tasty [...]

Stocks of homebuilders have had an impressive run recently, thanks to a stream of improving macroeconomic data, including home sales and consumer confidence, climbing an average of 38% since March 9. But will the recovery last? Recent gains in long-dated U.S. Treasury yields augur rising mortgage rates, while the likelihood of increasing foreclosures could further [...]

The US home mortgage trend and the fluctuation of home mortgage rates are important benchmarks of the overall economy. While there are other other economic factors interest rates are largely tied to the decisions made by the Federal Reserve Bank. Interest rates are adjusted by the Fed according to financial matters in the US such [...]

More than 8.3 million U.S. mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut home values by $2.4 trillion last year, First American CoreLogic said. Conventional 30-year mortgages fell out of favor last year as home buyers seeking to reduce their monthly payments opted [...]