What Hurricane Harvey means for real estate and mortgage rates

After the Rain: The Lasting Effects of a Hurricane on Home Sales It’s not just about flooding or a damaged roof – a hurricane in your hometown can impact the housing market for months. By Devon Thorsby , Editor, Real Estate | Oct. 13, 2017, at 11:50 a.m.

Report: Houston mortgage delinquencies rise due to Harvey while they fall nationwide – 5.3 percent of Houston-area mortgages were at least 30 days past due or in foreclosure, the global real estate data provider found. Across the country, only three states – Alaska, Florida and Texas -.

Mortgage rates today, November 27, plus lock recommendations Mortgage Rates Today, Tuesday, Nov. 8: Consumers Pessimistic About Buying a Home The Fed may not raise interest rates in 2019. Here’s how that affects consumers – It fell as low as 2.52 percent, down from 2.61 percent late Tuesday. in mortgage rates would be welcome for buyers as they head into the spring home buying season. The average rate on a 30-year.We talked to local real estate experts Armand D’Alfonso, CEO of Nothnagle Realtors, Rome Celli of ReMax Realty Group, Davide Salafia of ReMax Plus and Rich. seeing interest rates rising will want.

Declining energy prices have already battered Houston’s real estate market. Now, Hurricane Harvey is making it even worse. Some $8.9 billion of loans packaged into commercial mortgage-backed. area.

Commercial Real Estate Direct Staff Report. Hurricane Irma, a Category 5 storm that already has wreaked havoc on the Caribbean, could have a much larger impact on commercial real estate in Florida than Hurricane Harvey had on Houston’s properties.

Mortgage Rates Staying Calm to Begin Month Mortgage Rates Today: Wednesday, March 22 Click here to get today’s latest mortgage rates (May. 22, 2019). That means a transfer of assets out of stocks and into government bonds. The yield on the 10-year treasury note (which is the best market indicator of what mortgage rates are doing) is down four basis points (one basis point = 0.01) since yesterday’s close, bringing it to 2.38%.Mortgage rates today, March 8, 2018, plus lock recommendations mortgage rates remained at recent lows today. to die down in late 2018. A rapid decline in the stock market certainly helped drive investors into bonds (which helps rates) Highest rates in more.Federal Reserve | Interest Rates | Mortgage Loans – Mortgage interest rates dropped last week and may stay down for months The average fixed rate on a mortgage loans dropped to a range of 4.125% to 4.25% after the Federal Reserve said it would not.

How Hurricane Irma Could Impact Mortgage Rates – Across America, US – Mortgage rates are up slightly this week. Find out what to expect in the months to come.. real estate shared from Across.

The worldwide supply and demand for money determines what we pay for all kinds of financing, including mortgages. As much as Hurricane Harvey was a huge event, its impact on mortgage rates has been minimal. Freddie Mac reports that prime mortgage rates were 3.86 percent for the week of August 24th just before the storm.

Freddie Mac: Rock-bottom mortgage rates signal refi opportunity But data trends also signal a problem in underlying demand. chief economist at federally controlled mortgage-finance giant freddie Mac. “It’s very helpful to have mortgage rates move lower over the.

Hurricane Harvey provided. and homeowners face mortgage bills they can’t pay. “I suspect this summer we’re going to see a pretty good tick up in foreclosures,” said Jim Gaines, an economist with.

Just how bad is the impact of hurricane Harvey on the Houston housing market? What will it mean for real estate investors? What does the potential for recovery look like? Harvey’s Impact on Houston. At least tens of thousands of Houston housing units have been impacted by Harvey. Some estimates put this damage at around $400B.

According to the Mortgage Bankers Association, delinquency rates for U.S. mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017.