Expected slowdown in remodeling is good news for mortgage business

Clearly the Fed sees the global slowdown. expected to decline 1.7% for the second quarter, after rising 2.5% in the first.

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 · The unemployment rate was 3.6% in May, lowest since the late 1960s. This is good news for workers because it means that anybody who wants a job can easily obtain one; but it’s not necessarily the same for businesses, since they have a harder time finding workers and filling positions.

 · If you have any money in bonds, certificates of deposit or money market funds, chances are good those investments earn returns that are less than current mortgage rates.

A roundup of what experts predict will happen with mortgage rates, sales and. A year ago, several experts predicted the new tax law would cause a slowdown in the housing market.. Economic uncertainty brought on by global trade tensions, stock market.. Freddie Mac is now offering renovation loans.

House price growth is expected to slow down in the coming years amid concerns about Brexit and a lack of perceived value in the property market.. Business Property & Mortgages.. is not good.

Expected slowdown in remodeling is good news for mortgage business 2 months ago admin Remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst.

Good news for first-time home buyers: Home-price appreciation is expected to cool down in 2018 after a torrid couple of years. Home prices rose 6.3% in 2016, according to the Federal Housing.

This won’t be the only cut in interest rates we see in coming months – which may be good news for people with mortgages, but it’s a bad sign for the economy in which we live and work.

Expected slowdown in remodeling is good news for mortgage business. By. Elina Tarkazikis. Published. april 30 2019, 5:25pm EDT. More in. Housing market.

People on the move: May 17 Mid-Hudson business people ‘On the Move’: May 26, 2019. Mike Weddle has been named medical director for the non-profit human service agency Catholic Charities of Orange, Sullivan, and Ulster.Millennials emerge as a bulwark against Canada housing bust  · Steve Malpezzi on Housing Markets. These are called Engel curves, after the German economist who began the study of such budget shares in 1857. The horizontal line represents monthly household income in dollars. The vertical line represents the rent-to-income ratio, or budget share, at each income level.

If you are like the millions of other Americans that are currently underwater in their house then there is good news for you. Many contractors and realtors are now suggesting that a great way to add value to your home is to remodel an existing room and make it more desirable. One of the most common rooms for remodeling is the kitchen.

Rising rates stifle mortgage application volume The volume of mortgage applications. The average rate for 30-year FRM backed by the FHA increased 1 basis point to 4.71 percent. Points jumped from 0.53 to 0.79. The 15-year FRM hit a seven year.

Even much of the Fake News is giving me. More importantly, there’s good reason to think the historically slow recovery is.