What Hurricane Harvey means for real estate and mortgage rates

Recent developments support my view that the Federal Reserve is artificially propping up short-term risk-free interest rates. The iShares Mortgage Real Estate Capped ETF (BATS. premium to net asset.

Just how bad is the impact of hurricane Harvey on the Houston housing market? What will it mean for real estate investors? What does the potential for recovery look like? Harvey’s Impact on Houston. At least tens of thousands of Houston housing units have been impacted by Harvey. Some estimates put this damage at around $400B.

Commercial Real Estate Direct Staff Report. Hurricane Irma, a Category 5 storm that already has wreaked havoc on the Caribbean, could have a much larger impact on commercial real estate in Florida than Hurricane Harvey had on Houston’s properties.

Hurricane Harvey comes at a time when the National Flood Insurance Program owes $24.6 billion to the Treasury already. This will put pressure on a program that is expiring this month. The impact of Harvey following katrina means bankers should prepare for extreme regulatory scrutiny around all things flood-related at upcoming exams.

How much down payment do you need for a house? A beginner’s guide to down payment assistance. August 17, 2017. Between record-high rents and student loan debt, many of us have trouble saving at all, never mind what we think we’ll need for a down payment on a house.

In the world of business real estate financing, lenders expect the borrower to repay the entire business advance earlier than the due date. They do this by including a balloon repayment stipulation. This means that the borrower pays on his 30-year mortgage as usual for a few years with principal and interest payments, and then he’ll have to pay off the entire balance in one fell swoop, or one balloon payment.

MBA Mortgage Applications. Mortgage applications were down 9.7% last week, with applications to purchase falling 11%. Refinance applications also fell 9% as the average rate on a conforming 30-year fixed-rate mortgage was up one basis point to 4.04%. Existing Home Sales. Hurricane Harvey impacted sales in the South, which were down 5.7%.

Houston-area developers, engineers and real estate professionals were among the most vocal. helped shepherd the initiative.

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 · Most homeowners affected by Hurricane Harvey don’t have flood insurance August 29, 2017 by Mike Wheatley Subscribe to our RSS feed to get the latest realty news.

Mortgage rates drop to 16-month low “While the housing market has faced many head winds the last few months, it sailed through the turbulence to calmer seas with demand buttressed by a strong labor market and low mortgage rates,” Khater.

Hurricane Harvey Relief for Mortgage Payers: The Mortgage Bankers Association of America along with HUD and FHFA are all working together to offer financial relief to homeowners with mortgages. Currently the affected area is limited to damaged caused by Harvey, however with an even powerful "Irma" on the way, there could be many more states.