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Does America Have A Mortgage Rate Hangover?

Does America Have A Mortgage Rate Hangover?

| September 26, 2016 | 0 Comments

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 […]

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

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

| September 19, 2016 | 0 Comments

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 […]

Mortgage Rates: Should You Worry About Battered Bank Profits?

Mortgage Rates: Should You Worry About Battered Bank Profits?

| September 12, 2016 | 0 Comments

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 […]

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

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

| September 6, 2016 | 0 Comments

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?

| August 29, 2016 | 3 Comments

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?

| August 24, 2016 | 0 Comments

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?

| August 15, 2016 | 0 Comments

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 […]

Mortgage Rates: The Obtainium Economy

Mortgage Rates: The Obtainium Economy

| August 1, 2016 | 0 Comments

Mortgage rates and obtainium have a lot in common, something great for borrowers who prefer smaller monthly payments. Let me explain. There was a special trash pick-up on Saturday morning in our part of Pensacola. You could put big stuff in front of your house and a huge city truck would come by and scoop […]

Real Estate: Is A Bubble Coming?

Real Estate: Is A Bubble Coming?

| July 25, 2016 | 0 Comments

Are we facing a housing bubble? After all, as of June existing home prices have risen for 52 straight months according to the National Association of Realtors. You have to wonder how long such a streak can continue. According to Realtor.com, “some folks these days are beginning to wonder whether the U.S. is seeing another […]

Mortgages Rates Slump For The Summer

Mortgages Rates Slump For The Summer

| July 18, 2016 | 0 Comments

Mortgage rates have slumped this summer in a way that should elate borrowers. Alternatively, a lot of lenders and Fed officials no doubt wonder how it’s possible that mortgage rates went from 4.09 percent a year ago to a meager 3.42 percent in the past week according to Freddie Mac. It’s not just that mortgage […]