All Posts Tagged With: "low"
Caution: Refinancing with Low Mortgage Rates May Not Work
I got a letter from my mortgage lender offering to refinance my home. I could lower my rate, said the letter, and I might save money. Actually, both claims are correct but the bigger issue is whether refinancing is actually worthwhile. According to the letter my mortgage rate would drop from 4.63 percent to 4.46 [...]
30Jan2012 | Peter G. Miller | 0 comments | Continued
Good To Be Rich, Millionaire Wealth To Double In Next Decade
Millionaires are going to do pretty well in the next decade. According to a report from the Deloitte Center for Financial Services, the total wealth of millionaire households in 25 major economies is likely to grow from $92 trillion in 2011 to $202 trillion in 2020. The fate of millionaires, of course, is a major [...]
16May2011 | Peter G. Miller | 0 comments | Continued
What Happens To Home Sales If Mortgage Rates Rise?
Interest rates reflect the cost of money nationwide — but real estate values are established locally. If you look at the question in general terms, higher interest rates mean larger monthly payments, high monthly payments mean a smaller pool of buyers, so in theory home prices should remain steady, rise less or even decline. But [...]
16Dec2008 | Peter G. Miller | 0 comments | Continued
HUD Bias Claims Bend Reality
You couldn’t miss the headline. It was the lead story on the front page of The Washington Post, prime journalistic real estate generally reserved for matters of the greatest national importance. On March 2nd, the Post headline told us that HUD Mortgage Policies Hurt Blacks. “Tens of thousands of black Americans,” said the story, “pay [...]
12Aug2008 | Peter G. Miller | 0 comments | Continued
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