Long-dated Treasury bonds produced a gain of +46.4% (total return) on a trailing 1-year basis as of the close of trading last Monday 3/09/20 (source: Barclays). *The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.
The average interest rate nationwide on a 30-year fixed rate mortgage was 3.74% at the end of 2019. The record low national average was 3.31% as of 11/22/12 or just over 7 years ago (source: Freddie Mac). *The views, articles, postings and other information listed on this website are personal and do not necessarily represent […]
The Fed has had 8 “tightening cycles” in the last 50 years (i.e., since 1969), including the most recent cycle that included 9 rate hikes through 12/19/18. During 6 of the 8 “tightening cycles” over the last 5 decades, the S&P 500 was “up” on a total return basis, including the last 4 cycles (source: […]
The median sales price of a new home sold nationwide in October 2019 was +17% more expensive than the median sales price of an existing home sold nationwide in October 2019, i.e., $316,700 for a new home vs. $270,900 for an existing home (source: Census Bureau, National Association of Realtors). *The views, articles, postings and […]
In 2016, 46% of American homeowners ages 65-79 had outstanding mortgage debt on their primary residence, almost double from the 24% of this age bracket that had mortgage debt 30 years earlier (source: Joint Center for Housing Studies of Harvard University). *The views, articles, postings and other information listed on this website are personal and […]
The Fed lowered short-term interest rates last Wednesday (10/30/19), its 3rd consecutive meeting that has resulted in a rate cut. That’s the first time the Fed has reduced rates over 3 straight meetings since 12/16/08 or nearly 11 years ago (source: Federal Reserve). *The views, articles, postings and other information listed on this website are […]
The 111.2 million households that existed in the United States on 9/30/09 were split 68/32 between 75.2 million owners and 36.0 million renters. The 122.7 million households in the United States on 9/30/19 were split 65/35 between 79.5 million owners and 43.2 million renters (source: Census Bureau). *The views, articles, postings and other information listed […]
The average loan-to-value ratio in the US housing market as of 6/30/08 was 55%, i.e., the average homeowner had home equity of 45%. The average loan-to-value ratio in the US housing market as of 6/30/19 was 36%, i.e., the average homeowner had home equity of 64%(source: Federal Reserve). *The views, articles, postings and other […]
As of 12/17/18, 10 Wall Street strategists predicted where the yield on the 10-year T-note would be as of 12/31/19. All 10 forecasted an increase in the 10-year note yield from its actual 12/31/18 yield close of 2.68%. However, the yield on the 10-year note has fallen to 1.50% as of Friday’s close 8/30/19 (source: Barron’s). *The […]
If the nation’s aggregate net worth of $113.5 trillion was spread equally across all 122.5 million US households, every American household would be worth $927,000 (source: Federal Reserve). *The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage […]
