Rising Rates, The End Of Fed Mortgage Buying, And Fannie Mae's Stinginess Stoke Fears Of A NYC Real Estate Double Dip
Have the recent ructions in the Treasury market begun to impact the residential mortgage market in NYC yet?
No. Well, at least not yet. Mortgage rates have only ticked up about 20 basis points in recent days.
Based on conversations we had with a couple of mortgage officers, the real estate market in the city has been hitting its stride, if not quite robust.
But clouds are forming, and yes the Treasury market is a warning ... Full Story »