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Tag: mortgage rates

Does America Have A Mortgage Rate Hangover?
By September 26, 2016 0 Comments Read More →

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 […]

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Mortgage Rates: Why The Fed Won’t Raise Interest Levels
By September 19, 2016 0 Comments Read More →

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 […]

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Mortgage Rates: Should You Worry About Battered Bank Profits?
By September 12, 2016 0 Comments Read More →

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 […]

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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 […]

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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 […]

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Mortgage Rates: The Obtainium Economy

Mortgage Rates: The Obtainium Economy

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 […]

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Real Estate: Is A Bubble Coming?

Real Estate: Is A Bubble Coming?

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 […]

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Mortgages Rates Slump For The Summer

Mortgages Rates Slump For The Summer

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 […]

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Mortgage Rates: Can They Go Lower?

Mortgage Rates: Can They Go Lower?

Can mortgage rates go lower? Not an 8th of a percent here and there, but really lower, say in the 2 percent range or lower still? The Wall Street Journal argues that banks are doing everything possible to stave off reduced rates and that mortgage costs should actually be lower. “Banks,” says the paper, “have […]

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Why Brexit Will Produce Record Low Mortgage Rates

Why Brexit Will Produce Record Low Mortgage Rates

The quick and easy way to see where mortgage rates are headed in the near term is to look at Treasury bonds. The rate for such securities reached 1.58 percent on Friday, down from 1.74 percent the day before, the day the British voted to leave the European Union. Around the world markets lost $2 […]

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