Discover and read the best of Twitter Threads about #mortgage

Most recents (24)

#ES flirted with 4,115 again after that great intraday $HYG reversal portended downside #volatility when cyclicals didn‘t really point higher.
The day ended with a profound deterioration in market breadth and unappealing sectoral overview.
THREAD 👇 ImageImage
2. #tech upswing invited selling interest, while #value and especially $IWM turned strongly south.
#ES though had been relatively resilient given both #manufacturing and #retailsales hits, and today‘s data in #housing weren‘t slated to bring a disaster.
The figures are
3. obviously more optimistic than they would have otherwise been if the #housing market could clear itself by bringing in more supply, which isn‘t though a realistic expectation when #mortgage rates have been locked low in a different era of 2020-2021.
Read 6 tweets
Now some company #earnings


1. After correct predictions of $TSLA, $AAPL earnings (market impact), I was asked about $WMT and $TGT – on a company level, I of course expect $WMT to do considerably better than $TGT.
Note though $XRT weak chart posture, and how
2. relatively well $XLY is still doing. Therefore, I‘m looking for especially $WMT beat on profits, less so on revenue (if volume sales are taken into account) and darkening guidance – these earnings won‘t send #ES lower while $TGT effect would be more neutral.
3. As for $HD, this one could be weaknest out of the three tickers mentioned, no matter how well $XHB is doing. I‘m looking for the relative calm in #realestate to go as it‘s impossible to the supply to be brought into the market when favorable #mortgage rates
Read 4 tweets
A better solution doesn't exist, but here is a short 🧵on why looking at "Average Mortgage Rates" can be misleading in today's world.

#HomeBuyers or wanna-be #HomeSellers - pay close attention! Don't get discouraged running payments on your to a professional!
Conventional Loans are tough to price out these days. The #FHFA has a complicated pricing grid that requires points (upfront $$ - one point = 1% of your loan amount in a cash fee) to be collected based on certain loan parameters, LTV, Credit Score, etc…
These fees are historically absorbed in modestly higher rates. However, the mortgage bond market is not trading well these days so the profit in higher rates to absorb those fees doesn't exist. As a result, "Zero Point" loans can be quite high!
Read 9 tweets
Wondering about latest news 📰 in the #realestate #housingmarket 🏡💵 with pricing, #interestrates, etc.? Here's an updated thread for January 23' that includes all the latest macro/market data... 🧵/👇🏼

📊h/t @RealEstateCafe
1/🧵 "44% year/year drop in ⁦@MBAMortgage
⁩ Purchase Index is largest decline on record." 🇺🇸📉

📊h/t @LizAnnSonders @bloomberg

#realestate #realestateinvesting #FederalReserve #interestrates #macro #realator #mortgagerates
2/🧵 Affordability "threshold" for housing, via the @AtlantaFed 🏡

📊h/t @NewsLambert

#realestate #realestateinvesting #FederalReserve #interestrates #macro #realator #mortgagerates
Read 26 tweets
As we kickoff 23', here's a thread w/ the latest data 🏦💵🖨 on #StockMarket liquidity, credit, & financial conditions within the broader markets... 🧵/👇🏼

📊 h/t @crossbordercap

#FederalReserve #interestrates #stockmarket #Crypto #GDP $DXY $TLT $SPY $ES $SPX $QQQ $DIA $IWM Image
1/🧵 One of the indicators we watch is the @federalreserve 'Net Liquidity' as this tracks the markets very closely....

📊 h/t @fkronawitter1

#FederalReserve #interestrates #stockmarket #Crypto #GDP $DXY $TLT $SPY $ES $SPX $QQQ $DIA $IWM

2/🧵 In addition to this, investors also have to look past the @federalreserve as global Central Banks 🏦 have joined in QT against the #inflation backdrop...

📊 h/t @LanceRoberts @ISABELNET_SA @topdowncharts @insidefinance

Read 55 tweets
🇺🇸 (1/10) | As I already warned several times, the #housing #recession has gained traction since July as prices started dropping ⬇…
🇺🇸 (2/10) Today’s figures (Corelogic CS and FHFA) confirmed this assumption. Looking ahead, latest proxies already point to a larger drop in August.

🇺🇸 (3/10) In addition, the recent bounce of #mortgage rates implies that sales’ cancellations will rise, and demand (at least from 1st time buyers) will collapse. As a result, downward pressures are expected to intensify from September.
Read 10 tweets
#RealEstate sales are cyclical - millions of transactions worth trillions of USD processed per annum globally

Settlement times can be lengthy/laborious

#Blockchain & #NFTs solve this through immutability and fractional ownership

This @OriginsNFT article takes a closer look👇🧵
According to @Savills last valuation, the global real estate property valuation was around $326.5T in 2020

The real estate market can be broken up into three segments:
Focusing on the largest segment (residential) - according to @CoreLogicInc there were 7 million residential units sold in 2021, totalling $2.8T of transaction volume
Read 32 tweets
Today is an hot day, not only for temperatures, but also for economic data.

Follow me meanwhile I unroll all the new prints we had today

Super important thread on #inflation and the #housing #market

Lot of metrics to cover, get comfortable and get ready

🤓🧵 Image
#CPI prints:



#Canada YoY

#Canada MoM

Let's unpack it briefly
With a 9.4% UK finds itself on the firsts European (continent) Countries that are approaching double digits #inflation, and with the lack of haste in interventions on the #monetary #policies side, the #peak #inflation seems still far away. Let alone the MoM momentum, still high
Read 20 tweets
Quick thread on Price-to-Rent Ratio?

The price-to-rent ratio can be helpful for gauging whether or not an area is “fairly” priced, or if it’s in bubble territory.

To determine the price-to-rent ratio in a given area, divide the median home price by the median annual rent.
Generally, a price-to-rent ratio higher than 21 means it’s cheaper to rent in that area.

As of 2019, the price-to-rent ratio in San Francisco is over 50, the highest in the US.
For every $1,000 you’d spend in rent, you’d have to pay $601,362 to buy something comparable.
e.g. a place that rents for $4,000/mo. would cost roughly $2.4M to buy.

At that rate, it’s cheaper to rent than to own, as the estimated monthly mortgage payment would be around $10,000.
Read 7 tweets
Looking forward to an august panel discussion on how the economy can be reshaped to help better deliver on our #NetZero and #LevellingUp agendas #NEFBriefing
.@Miatsf opens the panel by welcoming the progress that has been made to date in getting finance more interested in #NetZero & #LevellingUp, but there is still progress to be made - for example, low levels of investment in #SMEs despite them being drivers of growth #NEFBriefing
First speaker @JosephEStiglitz discusses how to use the credit system to accelerate a green transition. Says historically financial institutions have made "strong statements" about wanting a green portfolio, but critics fear this may just be "greenwashing" #NEFBriefing
Read 59 tweets
🏗 Real estate boom will continue, capitalization of developers will grow, according to RDV sources.

Need for families in #Russia for real estate is so much higher than supply of #developers that prices for square meters will inexorably rise.

Thread 🧵👇
The volume of the #RealEstate market in 2020 amounted to more than 17 trillion rubles - this is the second consumer market in #Russia.
Growth potential of share of top 5 #developers is 250% - up to level of consolidation of #grocery retail market comparable in size. Along with growth of share of large players, their revenue is growing. Top 5 public developers include #Samolet, #PIK and #LSR.
Read 6 tweets
🛑New Article ALERT!!! 🛑 Free up cash and save money using your mortgage .

📌Having a mortgage doesn't have to mean the end of your savings.
Check it out:…

#timidbee #mondaymotivation #mondaythoughts #finance #COVID19 #Cryptocurency #DigitalMarketing 🛑New Article ALERT!!!  🛑 Fr...
📌What are the mortgages types?


Details here:…

What mortgage type do you prefer? Let us know in the comments⬇️⬇️ .

#timidbee #Finance #WisdomWednesday #money #investment #cash 📌What are the mortgages typ...📌What are the mortgages typ...
Having a mortgage doesn't have to mean the end of your savings. Use it to free up cash and save money:…

#timidbee #finance #mondaythoughts #MotivationMonday #money #SundayMorning #COVID19 #cryptotrading #investment #Monday
Read 6 tweets
Lumber Prices Are Soaring. Why Are Tree Growers Miserable?
Sawmill operators harvest gains while Southern landowners struggle with tree surplus; ‘I’m not making anything’…
Mortgage Companies Want In on the IPO Boom. Investors Aren’t Convinced. 

Initial public offerings for mortgage lenders haven’t worked out the way all the companies were hoping… #realestate #rates #home #housing #credit
Read 11 tweets
#Kushner wasn't "successful" til he got a WH job. He & #Ivanka owed $1.4 BILLION on their #mortgage til foreign investors prepaid nearly a century in rent. They got a self-serving taxcut into law & raked in $90 mil from undisclosed overseas sources, most Saudi Arabian. >thread
By the time #Jared & #Ivanka became White House Senior Advisers, they were a little late on their #mortgage. The Washington Post reported that by March 1, 2018, they owed $1.4 billion on 666 5th Avenue.

That's a B. >2…
2 months after WashPost reported #Kushner owed $1.4 billion, a company "swooped in & agreed to take a 99-year lease on the building, paying a near-century’s worth of rent upfront." The #Qatar Investment Authority was a leading investor in the company. >3…
Read 12 tweets
As we head into the U.S. #election, there will continue to be a lot of noise that may lead to near-term #market #volatility, particularly since (as we’ve long argued) #markets appear to be able to only focus on one thing at a time!
Still, at times like this it’s crucial to focus on more consequential factors that will drive #markets in the years ahead: in this case, the powerful combination of @federalreserve #monetarypolicy and #fiscal rescue measures intended to keep the #economic engine on track.
So, while many will continue to be skeptical of the sustainability of this #economic recovery, we’ve been impressed by its strength, particularly in the #interest-rate-sensitive segments of the #economy, like #housing, which is going through the roof!
Read 8 tweets
...though basically unchanged in 3 1/2 years

And, those good ole #FederalReserve policies again mean the monthly cost of an average #NewHome (approximated here) is back where it was 15 years ago...

#housing #QE
...while, as a proportion of the average weekly wage )as per #NFP), well - you can see for yourself:-

As we always say, there'll always be a scarcity of something real as long as there are few such constraints on #money & #credit creation.

#mortgage #RE
Read 5 tweets
The #UKGovernment Torture Report

This is a very short overview of what the #UKAuthorities have done in the case.

#PraiseTheLORD #PraiseGod #Borisjohnson #Downingstreet #PritiPatel #UKParliament #Dailymail
In 2005, I set up a business selling CDs, namely mixtape CDs after graduating from Uni.

In 2006, my home was raided & my business was stopped. They said the CDs I was selling were in breach of copyright.
It was a complete shock as the exact same CDs I was selling were prevalent on most high streets and supermarkets. They were selling in their thousands in places such as #Tesco & #HMV. And #Woolworths were the actual UK Distributor of these CDs.
Read 91 tweets
A lot of people are worried about their #mortgage in the wake of #COVID19 and rightfully so.

Optimists say that since rates are super low that we won't have any issues. I want to dispel that myth. Let's explore what's going on and what happens moving forward.

The major factor is unemployment. This excellent graph from @TheBlock__ shows the speed and magnitude of what #COVID19's slowdown is doing. 10 million unemployed in 2 weeks means a lot of folks will be stressed when it comes time to pay rent/mortgage.

It's unprecedented. Image
To understand what's going on now I need to take you back a little first. Let's explore the past year.

In short, lenders have been stressed due to high demand, and lag times are hurting those waiting for their refinancing loans to close.
Read 19 tweets
This will not have the impact on #housing that you think that it might. This is insufficient.
...“we can still get evicted after that moratorium is lifted if we're so behind on everything, that we don't have all of the back #rent ready? What if the landlord doesn't want to work with the tenant on paying them back in increments..?"
“it’s like a #rent “loan”. It helps in the beginning, but you better hope you make 2-3 times the amount when you're allowed to go back to work -otherwise you'll be in rent debt. It’s basically kind of a #housing band-aid.”
Read 10 tweets
Recent actions by the @federalreserve have been awe-inspiring; I’m not sure what words would be stronger than that- but they’re required.
The #Fed has gotten at interest #rates, the #mortgage market, the financing markets, and the #Treasury market (and particularly the functioning of the off-the-run-issues).
Specifically, tonight we’ve seen an historic 100 basis point #policy rate cut (and a commitment to maintain it until conditions normalize), #bank borrowing from the discount window cut 150 bps, to 0.25%, with term #funds to be offered…
Read 8 tweets
ABD tahvillerini takip eden #mortgage oranları yıllık %3'ün altına yönelmiş. Başka deyişle; aylık %0.20 ile 30 yıl vadeli kredi alabilsek, peşinatı da %10'da tutsak... metropollerde emlak fiyatlarına ne olurdu acaba 😈
Bu şartlarda TL borçlanıp #reel varlık almak tatlı bir ümit şimdilik. Hayal bulutlarını üfleyip gerçeğe dönelim. Bu oranlarla borçlananlar 30 yıl boyunca TL değil #dolar geri ödeyecekler. Bizde 0.20 olmasa da 0.40'lı oranlardan JPY ve CHF cinsi ev kredisi alanlara ne oldu peki 🤔
Borçlu mu kazanacak, alacaklı mı?
Resesyon mu, enflasyon mu?
Reel varlık mı, kağıt para mı?
Biriktirmek mi, saklamak mı?
Sorular zor. Sorular düşündürücü. Neyseki dolar ülkesinde yaşamıyoruz da cevaplar bize kolay... farkları fark edebilene 😎
Read 3 tweets
Acquiring your house with the FMBN Mortgage Loan.

1. Be a contributor to the NHF;

2. Get an offer letter in your property of interest;

3. Open an account with a PMB (Preferably @FHAmortgage_ )

4. Fulfill the terms for FHA to make a loan application on your behalf @FMBNigeria
5. Your application is processed by FMBN ( board sits 4 times annually);

6. Approval will be communicated to @FHAmortgage_ which will in turn request that you meet some pre-disbursement conditions;

7. Upon meeting these conditions, your submissions are sent to @FMBNigeria
8. You submissions go through their internal processes like IRO, Credit/ Risk Analysis, Legal etc;

9. Subsequently, a draw down ( terms for disbursement) is generated and communicated to you via FHA;

10. Funds ( your load) will be released into your FHA account;
Read 14 tweets
Thanks to those that made comments on my tweet on the possibility of Nigerians getting mortgage loans for home ownership. It’s really not about the banks as it appears. It’s more about the structure of our politics and our economy. #mortgage
2. The banks are also victims of a system where a few use political power to control economic resources to benefit themselves to the detriment of the majority, though the banks are also controlled by members of the elite class. #mortgage
3. It is not just that the elite class does not care, it is that it does not want the current structure to change because it has access to the commonwealth and finds it easy to manipulate a hungry citizenry. #mortgage
Read 18 tweets
#mortgage rates tick up this week

still super low though

Read 7 tweets

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