Julian Hebron
Founder at The Basis Point
Founder https://t.co/rMdeXsDye4 - on the strategy & business of housing, banking, fintech.
Articles
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2 weeks ago |
thebasispoint.com | Julian Hebron
This U.S. map on income needed to buy a home from the Visual Capitalist team has been floating around. It’s a good snapshot, and I just want to offer a few notes on methodology. – They assume 10% down on a median-priced 3-bedroom home with a 6.625% mortgage rate. – They also assume what they call a “30% income-to-housing cost limit” which includes taxes and insurance. I think they meant to say 30% housing debt-to-income (DTI) ratio here. DTI ratios are how lenders qualify borrowers.
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2 weeks ago |
thebasispoint.com | Julian Hebron
Mortgage rates are back up to 7% ahead of Memorial Day, and Matt Graham at Mortgage News Daily reminds us that this is “middle of the road” from 2023 to present. I diagrammed a Mortgage News Daily chart of 30-year fixed rates to show 4 key rate inflection points of this recent era: 1. Pandemic-era mortgage rate low of 2.75% on January 25, 2021. 2. Post-pandemic mortgage rate high of 8% on October 19, 2023. 3. Pre-election mortgage rate low of 6.125% on September 16, 2024. 4.
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2 weeks ago |
thebasispoint.com | Julian Hebron
When the leaders of modern AI (Sam Altman) and consumer computing (Jony Ive) team up on a family of AI products for everyone, it's worth hearing exactly how they talk about it. ___ Check It Out:– Sam & Jony introduce io
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2 weeks ago |
thebasispoint.com | Julian Hebron
– OpenAI Unites With Jony Ive in $6.5 Billion Deal to Create A.I. Devices
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2 weeks ago |
thebasispoint.com | Julian Hebron
Trump says he "will be making a decision in the near future" about ending Fannie, Freddie conservatorship ___ Check It Out:– Trump "giving very serious consideration" to bringing Fannie Mae, Freddie Mac public
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RT @APompliano: EXCLUSIVE: Bill Pulte is tasked with making homes more affordable in America. As the Chairman of Fannie Mae and Freddie Ma…
Canada accounts for ~85% of US lumber imports & we get gypsum (used in drywall), concrete, appliances from Mexico. So kudos to @NAHBhome for influencing tariff exemptions from these nations. Here’s how it helps homebuilders and homebuyer affordability… https://t.co/0coySMRbmJ https://t.co/laIaHmNkjl
Hedge fund icon Ray Dalio explains tariffs in simple terms we can all understand - via @raydalio https://t.co/ssvkd7bnn3 https://t.co/ZGPG0DrvKl
https://t.co/3axXP2mPHg
