All Posts Tagged With: "depression"
Are Big FHA Mortgages Really Risky?
Who will win and who will lose with FHA loan limits that were reduced as of October 1st? The answer may be surprising. In general terms there has been considerable support for lower FHA loan limits for several reasons. First, lower FHA limits mean more opportunities to sell private-sector loans. Second, the FHA has long [...]
13Oct2011 | Peter G. Miller | 0 comments | Continued
Do We Have A Depression In America?
Forget recession. Is America in the midst of a full-blown, no joking, outright depression? “If the notion that we are merely living through the aftereffects of a mere ‘recession’ that ended in 2009 sounds somewhat ridiculous, that’s because it is,” says Richard A. Posner, a federal judge and law school lecturer based in Chicago. “If [...]
24Aug2011 | Peter G. Miller | 6 comments | Continued
Are Low Mortgage Rates Over?
It’s been quite a week on the mortgage front. According to Freddie Mac, as of last week rates for fixed-rate, 30-year mortgages went from 4.91 percent to 5.29 percent, both with 0.7 points. That’s a big jump for a seven-day period, but let’s have some context here: Last year at this time the same loan [...]
9Jun2009 | Peter G. Miller | 0 comments | Continued
Housing Recession Nearing An End, Say Home Builders
The National Association of Home Builders has a new online article Housing, Economic Growth Now Heading to Higher Ground. Really? According to the NAHB’s chief economist, David Crowe, “the housing recession is nearing an end and housing will return on a very slow basis.” This is interesting. Are we having a housing recession? Certainly not [...]
28Apr2009 | Peter G. Miller | 0 comments | Continued
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