Category Archives: mortgage rates

Are 10-year Treasury Yields A Shot Across The Bow Of The Real Estate Market?

10-year treasury note chart

Over the past month or so Hallmark Abstract Service has explored whether blockchain may at some point in the future disrupt the title insurance industry (‘Can Blockchain Technology Ultimately Eradicate Any Need For Title Insurance In New York State?‘) ! In addition, potentially affecting real estate and real estate transactions are the issues surrounding the […]

Mortgage Rates Up But Still Affordable! (Chart)

Are homes still affordable?

In mid-October 2016 the average 30-year fixed mortgage rate was 3.64% and a 15-year fixed at 2.93%! Now, post-presidential election and based on the fixed income markets belief that the economy is going to improve thus spurring further rate increases by the Federal Reserve, 30-year fixed rate mortgages are on average 4.31% and 15-year fixed […]

Chart: Home affordability and the impact of rising mortgage rates!

HAVE YOU EVER BEEN TO A CLOSING WHERE THE TITLE WASN’T CLEARED? WE HAVEN’T! ________________________________________________________________________ The impact that an increase in mortgage rates has on real estate affordability, also known as purchasing power, is a concept extremely familiar to most prospective buyers who watch them on a daily basis until they are locked-in! The chart below illustrates the […]

The President is proposing a reduction in the mortgage interest deduction

While the title of the the article rhymes, the proposal is far from entertaining On page 1 of the Fiscal Year 2012 Budget of the U.S. Government you can begin to read The Budget Message of the President. In the preamble he discusses the recession and the fact that due to fiscal realities we face […]