Mortgage Research Center (@mtgresearchnews) 's Twitter Profile
Mortgage Research Center

@mtgresearchnews

News & analysis covering the U.S. housing & mortgage markets. Equal Housing Opportunity. 855-857-3936. NMLS #1907 (nmlsconsumeraccess.org).

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linkhttps://www.mortgageresearch.com/ calendar_today23-06-2021 21:07:38

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Data shows that 1980s homebuyers were more similar to today's than we thought. They were faced with paying over 50% of their income for a house, despite drastically lower nominal home prices.

Data shows that 1980s homebuyers were more similar to today's than we thought. They were faced with paying over 50% of their income for a house, despite drastically lower nominal home prices.
Tim Lucas (@hellofromtim) 's Twitter Profile Photo

Experts say you should spend 28% or less of your income on a house payment. That's becoming increasingly unrealistic for most of the country's higher population centers.

Experts say you should spend 28% or less of your income on a house payment. That's becoming increasingly unrealistic for most of the country's higher population centers.
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House hacking is an alternative way to break into the housing market. Here's how one Coloradan did it. mortgageresearch.com/articles/he-ha…

House hacking is an alternative way to break into the housing market. Here's how one Coloradan did it. mortgageresearch.com/articles/he-ha…
Tim Lucas (@hellofromtim) 's Twitter Profile Photo

Homes might feel less affordable than ever before, but the 80s were worse when factoring in interest rates. However, that doesn't diminish the fact that payments have doubled since 2020.

Homes might feel less affordable than ever before, but the 80s were worse when factoring in interest rates. However, that doesn't diminish the fact that payments have doubled since 2020.
Tim Lucas (@hellofromtim) 's Twitter Profile Photo

If you thought home prices have risen to unsustainable levels, check out Starbucks Pumpkin Spice Latte prices. Up nearly 100% since 2005.

If you thought home prices have risen to unsustainable levels, check out <a href="/Starbucks/">Starbucks</a> Pumpkin Spice Latte prices. Up nearly 100% since 2005.
Tim Lucas (@hellofromtim) 's Twitter Profile Photo

$100k salary got you a lot of house just a few years ago. About 1.5x the U.S. median. Now, it doesn't even buy a median-priced home in the U.S.

$100k salary got you a lot of house just a few years ago. About 1.5x the U.S. median. Now, it doesn't even buy a median-priced home in the U.S.
Tim Lucas (@hellofromtim) 's Twitter Profile Photo

Colin Robertson's advice for 2025 homebuyers: "Given that everything else is negotiated, why not the agent's commission? If they charge 2.5%, ask them to lower it to 2%. On a $400k home purchase it’s $2,000 in savings." Advice from all 25 experts: mortgageresearch.com/articles/25-ex…

<a href="/mortgagetruth/">Colin Robertson</a>'s advice for 2025 homebuyers: "Given that everything else is negotiated, why not the agent's commission? If they charge 2.5%, ask them to lower it to 2%. On a $400k home purchase it’s $2,000 in savings."

Advice from all 25 experts: mortgageresearch.com/articles/25-ex…
QCAToday (@qcatoday) 's Twitter Profile Photo

Re QuadCitiesBusiness re @MtgResearchNews says @CityofDavenport ranks N° 2 among the nation’s most affordable places for lovebirds, be they long-term or freshly-laid, to buy homes Tim Lucas Veterans United Happy Valentine’s Day! ❤️💋👠Link to story @ QCAToday.com. . .

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Cities in the Pacific Northwest with the cheapest housing. Most affordable city on our list: Pocatello, Idaho. Average list price of $323,762. While that still won't seem affordable to some buyers, it's much better than the average $1.5M price you'll see elsewhere in the PNW.

Cities in the Pacific Northwest with the cheapest housing. 

Most affordable city on our list: Pocatello, Idaho. Average list price of $323,762.

While that still won't seem affordable to some buyers, it's much better than the average $1.5M price you'll see elsewhere in the PNW.
Mortgage Research Center (@mtgresearchnews) 's Twitter Profile Photo

2025 college grads won't be able to buy a home until April 2034, thanks to high home prices, student loans, and low starting salaries. mortgageresearch.com/articles/colle…

2025 college grads won't be able to buy a home until April 2034, thanks to high home prices, student loans, and low starting salaries. mortgageresearch.com/articles/colle…
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An emerging lending type, crypto mortgages, allow buyers to purchase a home without liquidating their crypto. But there are risks. mortgageresearch.com/articles/how-c…

An emerging lending type, crypto mortgages, allow buyers to purchase a home without liquidating their crypto. But there are risks. mortgageresearch.com/articles/how-c…
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To match monthly payment savings of a 1% rate reduction, you have to get a 10% price reduction. That's a $40k price drop on a $400k home. Seems like a 1% reduction is easier, but that's just me. mortgageresearch.com/articles/rate-…

To match monthly payment savings of a 1% rate reduction, you have to get a 10% price reduction. That's a $40k price drop on a $400k home. Seems like a 1% reduction is easier, but that's just me. mortgageresearch.com/articles/rate-…
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Drop it like it's hot. Your mortgage rate, I mean. Especially if your loan is of the FHA variety. Calc it up, man. mortgageresearch.com/calculators/fh…