Remember the classic Ronald Reagan line, “The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’” Well, those in the real estate business are probably going to be saying it often around the water cooler in the coming months.
Read more »How Washington’s Housing Rescue Plan is Hurting Housing Sales
Mortgage rates soar
Home mortgage rates jumped in the most recent week, with the average 30-year fixed rate rising to 5.65%, according to a report released Thursday.
Read more »Why The Chrysler and GM Deals Will Raise Mortgage Rates
Are you enjoying the historically low interest rates? Many people are and it is a saving grace in a weak housing market. All this may change in part because how the Obama administration is treating General Motors and Chrysler.
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Category: Lending Tags:
Mortgage rates: 30-year still rising
Home mortgage rates jumped in the most recent week, pulled higher by rising Treasury yields, according to a report released Thursday.
Read more »Housing affordability is the best it has been in 38 years
the monthly cost of homeownership has fallen 43% from the peak in this housing cycle, according to research released this week by John Burns Real Estate Consulting,
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Category: Economics and Statistics Tags:
Interest Rates: The Difference A Year Makes
Rates on 30-year fixed-rate mortgages guaranteed by Freddie Mac fell this week to 4.82 percent, staying below 5 percent for those with good credit scores. Just a year ago, the same rate was at 5.88 percent.
Read more »30-year fixed-rate, 15-year fixed-rate and 5-year ARM hit record lows
Rates on conforming mortgages fell again this week, with the 30-year fixed-rate mortgage hitting a record low of 4.78% for the week ending April 2, according to Freddie Mac's weekly survey results released Thursday.
Read more »Low home prices and affordable mortgages fail to spur demand
Mortgage rates held steady this week amid mixed reports about the slowing economy, Freddie Mac's chief economist said on Thursday.
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Category: Economics and Statistics Tags:
Stimulus may raise your rates
Will anyone buy all the debt the government is issuing to pay for its bailout programs? If not, interests rates on a whole host of things could jump.
Read more »Mortgage Bankers: Stimulus Not Helping Home Loans
Part of the federal government’s plan to stimulate home sales has been to bring mortgage rates down. It is not working.
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