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First Rate Mortgage

About Kim Lyons of First Rate Mortgages and Non Bank Loans

Kim Lyons is a Director of First Rate Mortgages Ltd and NonBk Ltd - Non Bank Loans. Home Loans Mortgages and Finance. Specialising in mortgage ...

Stock Market Volatility Benefits Home Buyers, According to First American Potential Home Sales Model

December 2018 Potential Home Sales

Potential existing-home sales increased marginally to a 6.15 million seasonally adjusted annualized rate (SAAR), a 0.3 percent month-over-month increase. This represents a 64.7 percent increase from the market potential low point reached in February 2011. The market potential for existing-home sales increased by 1.1 percent compared with a year ago, a gain of 69,000 (SAAR) sales. Currently, potential existing-home sales is 1.1 million (SAAR), or 15.6 percent below the pre-recession peak of market potential, which occurred in July 2005.

Market Performance Gap

The market for existing-home sales is underperforming its potential by 9.6 percent or an estimated 593,000 (SAAR) sales. The market performance gap decreased by an estimated 129,000 (SAAR) sales between November 2018 and December 2018.

Chief Economist Analysis: Can Stock Market Volatility Help Home Buyers?

What was the variable first mortgage housing rate in june 1987?


In June, 1987, the 11th District Cost of Funds Index was 7.274 percent. Today, the 11th District Cost of Funds Index is 2.003.

The typical spread on a loan is 2.750 percent.