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Mortgages: The Fed Wants To Raise Rates, Blah, Blah, Blah

Mortgages: The Fed Wants To Raise Rates, Blah, Blah, Blah

The Fed’s hint last week that it may again raise mortgage rates sent an instant shudder throughout the mortgage marketplace. Mortgage interest levels for 30-year fixed-rate financing “shot up” into the 3.7 range and the usual dark murmurings about the hideous impact on home sales began to circulate. We’ve seen this show before. For much […]

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Real Estate: Are There Limits To Housification?

Real Estate: Are There Limits To Housification?

We tried, we really tried. Housification™ – the effort to continually raise homeownership levels – seems to have a natural limit within the US. The homeownership rate stood at 63.5 percent for the first quarter of 2016, the very same level we had 50 years ago. Increasing levels of homeownership has been a national goal […]

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Mortgage Rates: Why Are Zero-Zero Loan Quotes Missing?

Mortgage Rates: Why Are Zero-Zero Loan Quotes Missing?

Whatever happened to zero-zero mortgage quotes? Two years ago the government said lenders needed to change their ways and proposed four adjustments. The result was that three of the proposals were approved and one fell by the wayside. Three out of four is pretty good in Washington, but would it surprise anyone that the missing […]

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Are Real Estate Mortgages Easier To Get?

Are Real Estate Mortgages Easier To Get?

The latest loan officer survey from the Federal Reserve says financing is easier to get. It also says mortgages are harder to get. I say the subjective feelings and fanciful intuitions recorded by the Fed are wrong. Let me explain why: “Domestic banks, on balance, reported having eased their lending standards and having experienced stronger […]

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Will Higher Mortgage Rates Kill Real Estate?

Will Higher Mortgage Rates Kill Real Estate?

There’s no doubt that mortgage rates are on the rise. Freddie Mac says interest levels for 30-year fixed rate loans have risen roughly .6 percent since the start of May and there’s little doubt that this week’s rate announcement will be well above 4.0 percent. So, will higher mortgage rates kill the real estate market? […]

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RGIII — Race, Football & Foreclosures

RGIII — Race, Football & Foreclosures

Washington Redskins quarterback Robert Griffin III has been much in the news during the past week, first for an on-field knee injury and then because of questions regarding his group identity. ESPN sports commentator Rob Parker, who is African-American, wanted to know whether Griffin was “a brother or a cornball brother?” “We all know he […]

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Why Mortgage Rates Will Fall In 2013

Why Mortgage Rates Will Fall In 2013

For much of the past year mortgage rates have bounced around at or near record lows. But as we head into 2013 will mortgage rates go higher or fall? Just last week Freddie Mac reported that “the 30-year fixed-rate mortgage has averaged below 4.00 percent all but one week in 2012, while the 15-year fixed-rate mortgage […]

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Yes, FHA Loans Can Be Assumed

Yes, FHA Loans Can Be Assumed

During the past six years nearly 30,000 FHA loans have been assumed, a strategy which could help a lot of people buy and sell houses. In fact, FHA assumption activity is on the rise, with annual totals in 2011 several times greater than just a few years ago. It used to be that mortgages were […]

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Why Low Mortgage Rates Are A Problem

Why Low Mortgage Rates Are A Problem

Hardly a week passes when mortgage rates do not hit another historic low. This sounds really good – especially if you’re a borrower – but the reality is that microscopic loan rates suggest an economy which remains deeply troubled along with home values unlikely to rise. At the end of May Freddie Mac said “the […]

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Will Mortgage Rates Get Worse?

Will Mortgage Rates Get Worse?

Will mortgage rates get worse? People have been asking that question for some time and the results are fairly surprising: During the past year rates which were low in 2011 are lower still in 2012. Figures from Fannie Mae show that fixed-rate, 30-year, mortgage loans are now available at 3.9 percent. That’s .90 percent less […]

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