September 10, 2025
Mortgages Blooming
Timothy Birdnow
And this while the Federal Reserveis still keeping interest rates high.
Mortgage demand spikes to highest level in 3 years.
FTA:
Mortgage rates are still higher than last year yet people are buying anyway.
This is a testament to Trump's fundamental realigning of our nation's economy, away from servicing foreign companies and the re-emphasis on the American People. Consumer confidenceis up and people have every reason to be hopeful in the new economy.
More proof Bidenomics was a disaster on a par with Jimmy Carter's Stagflation economy.
And this while the Federal Reserveis still keeping interest rates high.
Mortgage demand spikes to highest level in 3 years.
FTA:
Mortgage demand jumps to the highest level in three years, as interest rates drop sharply. Applications to refinance a home loan jumped 12% for the week and were 34% higher than the same week one year ago .
Mortgage rates are still higher than last year yet people are buying anyway.
This is a testament to Trump's fundamental realigning of our nation's economy, away from servicing foreign companies and the re-emphasis on the American People. Consumer confidenceis up and people have every reason to be hopeful in the new economy.
More proof Bidenomics was a disaster on a par with Jimmy Carter's Stagflation economy.
Posted by: Timothy Birdnow at
08:23 AM
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1
I think you are misreading the tea leaves. Refinance decisions have to do with mortgage rates, nothing to do with overall interest rates, and little or nothing to do with consumer confidence. Refinancing reduces home payments. You don't need to be confident in the economy to do that. It's not adding to the GDP. In fact, consumer confidence is dropping.
Posted by: Bill H at September 10, 2025 08:54 AM (FRG6e)
2
Bill, mortgage rates are inextricably tied to interest rates. And it has everything to do with consumer confidence given interest rates are high at the current point, so high that people were not refinancing because they would refinance at higher rates.
I worked twenty years in real estate, by the way. I did manage to learn a thing or two.
I worked twenty years in real estate, by the way. I did manage to learn a thing or two.
Posted by: Timothy Birdnow at September 11, 2025 02:06 AM (5V942)
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