Sentences with phrase «house at the current market rate»
Fannie Mae's program allows you to complete a deed - in - lieu of foreclosure and lease back your house at the current market rate for up to 12 months.
http://www.loanbiz.com/ Not exact matches
One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year.
I would like to help these folks but I'm not a bank and my cost of money doesn't allow me to refi these people at current market rates so I just end up taking the houses which were funded at 65 % LTV.
This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.
In remarks at an economic conference in San Francisco sponsored by the Federal Reserve Bank of San Francisco and the Stanford Institute for Economic Policy Research on February 28, Federal Reserve Governor Donald Kohn said there was little reason to worry that current low interest rates may cause a potential bubble in the rate - sensitive housing market.
Sales rose most in the Midwest, where the contract closings climbed 3.8 percent to a 1.35 million pace from the prior month At the current pace, it would take 4.6 months to sell out housing inventory, compared with 4.7 months in May; less than a five months» supply is a tight market, the Realtors group has said Properties were on the market for 34 days in June, the same as year ago Single - family home sales climbed 0.8 percent to an annual rate of 4.92 million while purchases of multifamily properties increased 3.2 percent to a 650,000 pace First - time buyers accounted for 33 percent of all sales, up from 30 percent in May and the highest share since July 2012 Sales driven in gains among most expensive homes, NAR's Yun said.
This means that if nothing else were to come on the market for sale in this price range (and houses continue selling at their current rate) it would only take 2 months to sell all of the inventory on the market!