...subprime mortgage bubble The 30-year fixed mortgage rate is now more than double the effective mortgage rate—the largest gap since 1976 Meanwhile, 64.5% of U.S. homeowners are locked in with...

...year.” Redfin recently reported that the year 2023 is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after...

...the housing bubble burst in 2008 due to the subprime mortgage crisis that triggered the Great Recession. “Buyers have been in a bind all year,” said Zhao. “High mortgage rates...

...to rise very quickly. In the Mid-Atlantic, home prices rose by more than 40% between 2020 and 2022, a faster pace of price growth than during the housing market bubble...

...we put what we call “bubble wrap” around those points that exist where we do not control the entire process, such as with vendors or other subservicers, to protect the...

...on behavioral causes of the global housing bubble and subsequent policy responses. Marr’s research has been featured in the New York Times, the Wall Street Journal, and the Economist. He...

...results in higher monthly payments. Since the housing bubble burst in 2007, FRMs have become more widespread compared with ARMs. The share of ARM dollar volume in mortgage originations declined...

...even wider during the early-2000s housing bubble, which led to the mortgage crisis. At that time, home prices in different metro areas diverged because the housing bubble hit certain markets...

...of subprime mortgages in the years leading up to the crash, and when the bubble burst, Black homeowners were 76% more likely than white homeowners to experience foreclosure. Black homeownership...

...thread. Layoffs and financial institutions were closing left and right. The news would have you believe that the housing bubble was going to crush us all. Many mortgage professionals had...