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Hoisington Q3 Update – Deflationary Wave Of Debt Will Stifle Yields

The deflationary wave of debt growing within multiple facets of the U.S. economy will stifle yields. That's the gist of Van Hoisington and Lacy Hunt's latest third quarter Review and Outlook. As the market was puking on the latest surge in Treasury yields above 3%, I couldn't help but notice that the publicly traded homebuilders were getting crushed yet again. With the Freddie Mac 30-year mortgage rate touching 4.9 percent this week (levels not seen in 7 years), things were getting even uglier for the housing sector. There was nowhere to hide this week if [...]

By |2020-09-22T15:48:11+00:00October 13th, 2018|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates, Mortgages, New Home Sales, Politics, Spin Cycle|0 Comments
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Zero-Down Mortgages Return With New Names

Surprise! Zero-down mortgages are back! Just when you thought we had learned the lessons of the subprime mortgage meltdown nearly a decade ago, along come new twists on an old formula. The recipe is pretty simple, and the inevitable outcomes are fairly predictable, yet that won't deter some people from making irrational decisions when it comes to the fear of missing out (FOMO). The latest strategies to put cash-strapped buyers into homes they probably can't afford are similar to crowdfunding. HomeFundMe is an example of one such program where buyers can solicit donations for a [...]

By |2018-07-09T13:08:26+00:00July 9th, 2018|Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, In the Press, Mortgages, Texas Real Estate|0 Comments
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Denton TX Mortgages – Lock Your Rate Or Not?

Should you lock your Denton TX mortgage interest rate at the time of application? If you are buying a home, it's a difficult question to answer. As early as last week Treasury bears were screaming at the rooftops that yields (and by default mortgage rates) were going to shoot higher, as evidenced by the 10-year Treasury crossing a supposed line in the sand above 3%. What a difference a few days makes! This morning the yield on the benchmark 10-Year Treasury dipped to 2.82 percent, retracing 29 basis points from the recent "line in the [...]

By |2022-01-05T03:39:00+00:00May 29th, 2018|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, Mortgage Rates, Mortgages, Real Estate, Texas Real Estate|0 Comments
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Fed Orders China Bank To Tighten Anti-Money Laundering Protections

The Federal Reserve on Tuesday faulted the Industrial and Commercial Bank of China Ltd for its weak anti-money laundering protections, ordering ICBC to tighten its screening of illicit money. Real estate money laundering from China into global property markets has been an ongoing theme for several years, and by all accounts the volumes of money being cleaned are still substantial. Last month the Canadian Imperial Bank of Commerce (CIBC) introduced new guidelines to replace its "Foreign Income Program". CIBC decided it should obtain income verification for foreign buyers gobbling up overpriced Canadian homes. Many of [...]

By |2021-07-05T13:48:48+00:00March 14th, 2018|DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, Housing Policy, In the Press, Mortgages, Real Estate, Regulation, Spin Cycle, Texas Real Estate|0 Comments
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DC’s Fiscal Lunacy, Fed’s Unwind Creating Waves For Housing Market

The fiscal lunacy in Washington and the Federal Reserve's balance sheet unwind are creating waves for the housing market. 2018 was starting off on the right foot with a noticeable, yet moderate rise in bond yields. As we received more concrete evidence that the Federal Reserve was actually unwinding some of that gigantic balance sheet, volatility erupted pretty quickly. After a 12oo point plunge in the Dow, some savvy mortgage borrowers probably took advantage of the temporary fear in the market to score a decent mortgage rate. It was a small window of opportunity, because [...]

By |2018-09-08T15:50:43+00:00February 8th, 2018|Denton County Real Estate, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Mortgages, Politics, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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Quicken Loans Overtakes Wells Fargo As Largest Mortgage Lender

Quicken Loans overtook Wells Fargo as the largest mortgage lender in the U.S. during the fourth quarter of 2017. Quicken Loans, with their Rocket Mortgage platform, reportedly originated $25 billion in home loans in the last three months of 2017. Wells Fargo was second with $23 billion, followed by Bank of America and JPMorgan Chase at $13 billion and $11 billion respectively. In case you missed it, here's the Rocket Mortgage ad aired during the Super Bowl... 2018 was poised to be a decent year for mortgage lenders, but likely not for Wells Fargo. Serial [...]

By |2018-02-05T17:52:05+00:00February 5th, 2018|Denton County Real Estate, DFW Real Estate, Mortgage Rates, Mortgages, Texas Real Estate, Video|0 Comments
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Fed Balance Sheet Unwind Proceeding At Snails Pace

The balance sheet unwind for the Federal Reserve is proceeding at a snails pace. After a rather large jump in the securities holdings last week, we should have seen a resumption in the balance sheet shrinkage. Interestingly the Fed's holdings of Treasury and mortgage securities only fell by $4.8 billion this past week. A look at the weekly System Open Market Account Holdings shows there is a lot of work to do in the last week of the year if the Fed is going to stick to it's stated unwind schedule. While the Fed has [...]

By |2022-01-05T03:39:49+00:00December 24th, 2017|Denton County Real Estate, DFW Real Estate, Economy, Housing Policy, Mortgage Rates, Mortgages, Real Estate, Spin Cycle|0 Comments
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Tax “Reform” Makes Denton County Property Taxes Even Less Appealing

The Tax Cuts And Jobs Act was signed into law this week, and a significant portion of your Denton County property taxes may no longer be deductible under the new law in 2018. Aside from being one of the worst researched and most ill-conceived pieces of legislation in modern history, the new tax bill is very favorable to corporate America. Unfortunately the new tax "reform" is not exactly friendly to home ownership. It remains to be seen how the new tax law will affect DFW area home prices, but the new rules certainly don't favor [...]

By |2017-12-23T00:57:57+00:00December 23rd, 2017|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Property Taxes, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Housing Policy, In the Press, Mortgages, Politics, Texas Real Estate|2 Comments
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