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Does America Have A Mortgage Rate Hangover?

Does America Have A Mortgage Rate Hangover?

Mortgage rates fell after last week’s decision by the Federal Reserve to keep bank rates both steady and low. The Fed’s inaction was hardly a surprise, it could not raise rates just before a presidential election and in an economy which remains iffy and fragile. The bigger question is how long low rates – including […]

By September 26, 2016 0 Comments Read More →
Mortgage Rates: Why The Fed Won’t Raise Interest Levels

Mortgage Rates: Why The Fed Won’t Raise Interest Levels

Will mortgage rates keep rising? It’s not much of a question, given that rates have “soared” to 3.5 percent according to Freddie Mac. On Wednesday the Fed will announce whether or not it will raise bank rates. Here’s a clue: It won’t. And one by-product of such a decision will be less pressure on mortgage […]

By September 19, 2016 0 Comments Read More →
Mortgage Rates: Should You Worry About Battered Bank Profits?

Mortgage Rates: Should You Worry About Battered Bank Profits?

Pity the nation’s poor banks. According to USA Today, they’re suffering. “While analysts say a Fed rate hike and higher rates overall would be welcome news for banks’ battered bottom lines, the specter of higher borrowing costs slowing economic activity was viewed as trouble for most sectors,” says the paper. (See: How bank stocks could weather […]

By September 12, 2016 0 Comments Read More →
Real Estate: Can America Afford To Lose 11 Million Immigrants?

Real Estate: Can America Afford To Lose 11 Million Immigrants?

At the center of this year’s presidential debate is the question of how to treat our most-recent immigrants, especially those who have not gone through the formal application process. Are they “undocumented” immigrants or “illegal” immigrants? Are we willing to give up more than three million home sales to find out? While the question of […]

Mortgage Rates: Will The Fed End The Real Estate Recovery?

Mortgage Rates: Will The Fed End The Real Estate Recovery?

The Federal Reserve is at it again, threatening to once more raise bank rates. One consequence of such an increase could be rising mortgage rates and an end to the real estate recovery. Right now the housing market is recovering. July new home sales were up 31.3 percent when compared with a year ago. June […]

Will Borrowers Benefit From New Mortgage Application Form?

Will Borrowers Benefit From New Mortgage Application Form?

For the first time in 20 years borrowers will soon face a new mortgage application form, seven pages of questions, acknowledgments and declarations designed to make the lending process quicker and easier in the electronic era. Press here for your copy of the new mortgage application form. Is it really better? Will it result in […]

Can Trump Cut Housing Costs By 23 Percent?

Can Trump Cut Housing Costs By 23 Percent?

Reducing home prices by almost 25 percent would radically change the US housing market and one man says he can do it. Speaking before the Board of Directors of the National Association of Home Builders at a Miami meeting last week, presidential candidate Donald Trump said “twenty-five percent of the cost of a home is […]