Default risks and moral hazard are considered a “policy-driven experiment” in the Chinese real estate sector, says Howard Wang from JP Morgan Asset Management.
Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data. Refinance applications jumped 43% for the week and were 109% higher than one year ago. CNBC’s Diana Olick reports.
Aaron Kirman, star of CNBC’s ‘Listing Impossible,’ joins “The Exchange” to discuss some of the biggest mistakes he sees when people try to sell million-dollar homes.
Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data.
Andy and Nicole Hill bought a 2,600-square-foot home just outside of Detroit at the end of 2013. They paid it off in November 2017.
Andy and Nicole Hill bought their dream home just outside of Detroit at the end of 2013. Their initial goal was to pay off their mortgage in five years, but they ended up paying it off over a year faster than they planned. The couple chose mortgage terms that would let more of their payment …
Mortgage application volume fell 1.5% for the last two weeks of the year, according to the Mortgage Bankers Association.
December is not the most popular time to list a home for sale historically, but this past December it was particularly unpopular. The supply of homes for sale was 12% lower compared with December 2018, according to realtor.com. The decline was much steeper than the 9.5% annual drop in November. Demand is so strong, that …
Stephen Kim, Evercore ISI, and CNBC’s Diana Olick join ‘The Exchange’ to discuss the strength in homebuilder stocks.
The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, according to Mortgage News Daily.