Category Archives: Rates

Mortgage Interest Rate Deduction Under Threat

As politicians look for more government revenue, it’s likely that they will curtail the mortgage interest rate deduction. The American housing market is making a slow and erratic recovery. It’s picking up steam in coastal California, while inland California remains … Continue reading

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Mortgage Rates Hit Record Lows

You can get a fixed-rate 15-year mortgage under 4.0% but it will take a lot of work, documentation, down payment, and a stellar credit record. The LAT reports: Fixed-rate mortgages dropped to record lows again this week, with lenders offering … Continue reading

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PBS Frontline Tackles Money, Power And Wall Street

Watch the three hours and 47 minutes of four total shows here. I love PBS Frontline. I think it tends to be fair and to be journalistically solid. The show does have a definite pro-regulation bias. Whether it is tackling … Continue reading

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Mortgage Rates At Record Lows

Why are mortgage rates so low? Because demand is so weak for mortgages. With economic prospects uncertain, fewer Americans than is normal are in the market for a mortgage, so it is in lender’s interest to make their mortgages as … Continue reading

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Mortgage Interest Rates Fall

Mortgage interest rates dropped this past week. They remain under 4% for borrowers with the best credit scores. There’s not much demand for mortgages so with reduced demand, suppliers of such loans must drop their prices (interest rates and fees) … Continue reading

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Freddie Mac Asks For More Government Help

So far taxpayers have paid out about $170 billion to subsidize Fannie Mae and Freddie Mac. That works out to about $1300 per American. Taxpayers are on the hook for at least another $100 billion in aid over the next … Continue reading

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How To Choose A Mortgage Loan

Many people think that they can comparison shop by APR mortgage interest rates. This is unlikely to get them the best deal as the following column explains: The important thing to remember is that APR is not the metric for … Continue reading

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Home Prices Down 4% Over Past Twelve Months

The downward pressure on home prices is expected to continue through this year and few experts expect prices to increase substantially for the next three years. As long as unemployment and underemployment is high, there’s not going to be much … Continue reading

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Mortgage Applications Rise, Mortgage Interest Rates Fall

Normally, mortgage interest rates and mortgage applications operate in inverse directions. With increased demand for mortgages, interest rates usually rise. Now we have an increase in mortgage applications while rates are going down. Why? Because the overall demand for mortgages … Continue reading

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FHA Must Charge Higher Fees To Stay Afloat

The average American is on the hook for $1300 for the Fannie Mae and the Freddie Mac bailouts. Keeping the FHA afloat has only required three billion. FHA mortgages requires smaller downpayments and lower credit scores than regular mortgages. You’d … Continue reading

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