Tag Archives: interest rates

Housing Trends Indicate Interest Rates Will Stay Low, But So Will Demand

Low mortgage interest rates and falling home prices mean that more people will find it less expensive to own than to rent. This should provide some stimulus for home buying. ARM (adjustable rate mortgages) are making a comeback in 2011. … Continue reading

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Yisroel Pensack: Why Economists Cannot Think Clearly About Economics

The “Economix” blog at The New York Times today features an article headlined “Interest Rates and the Housing Cycle” by Casey B. Mulligan. Mulligan, an economics professor at the John D. Rockefeller-founded University of Chicago (read: citadel of privilege), treats … Continue reading

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Subprime Mortgages

The American home ownership rate jumped from 45% to 65% in the decade after WWII. Mortgage credit possibilities were opened up to the middle class. Poor people were rarely able to participate in this boom. In 1994, America’s home ownership … Continue reading

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Mortgage Market Changes

There’s been a lot of change over the past decade. Nowadays about 70 of home buyers begin their search online. Lenders now decide on a credit by using complicated computer-generated models. They underwrite and process loans via desktop computers. There’s … Continue reading

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The Three-Year Mortgage Fix

From thisismoney.co.uk: The cost of three-year fixed rate mortgages has plunged – making them an increasingly popular choice for homebuyers. With fees on home loan deals rising – the cheapest are now around £1,000 – homeowners are opting for medium-term … Continue reading

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What You Should Ask A Lender

From mortgagefit.com: Information about Lender: Does getting a good interest rate depends on excellent credit rating? What are the different steps involved in the process of pre-approval? How much time will it take to complete the process of pre-approval? Is … Continue reading

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Lending Increases In UK

Despite tales of lenders refusing mortgage applications, figures released today (Thursday, May 22nd) showed that mortgage lending has risen slightly. According to the Council of Mortgage Lenders (CML), gross mortgage lending in April was up five per cent from March … Continue reading

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Cash Out Refinancing

From Worldmag.com: The present housing situation and its cousin, mortgage financing, have provided the catalyst for an important discussion for believers: What should our home mortgage borrowing look like? The most common occurrence in the last five years was for … Continue reading

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UK Mortgage Lenders Ripping You Off

Jane Baker writes: Not only are mortgage rates rising, but lenders are demanding even higher deposits. And — as if that wasn’t bad enough — rip-off mortgage fees are really rubbing salt in the wounds. What Is A Higher Lending … Continue reading

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UK Mortgage Delinquencies Rise

LONDON (Reuters) – Delinquencies on prime and non-conforming UK mortgages and on credit cards are rising as lending conditions tighten and the economy weakens, Standard & Poor’s said in reports on bonds backed by these assets. For non-conforming mortgages — … Continue reading

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