Tag Archives: mortgage interest rates

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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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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Increase In Troubled Mortgages

The Dow Jones is near record highs and mortgage interest rates are holding at record lows, yet the percentage of troubled mortgages and the number of foreclosures are both rising. We’ve yet to see any sustainable bump upwards for housing … Continue reading

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Bank Of America Overwhelmed By Refinancing Demand

A new government program to boost mortgage refinancing is overwhelming some banks such as Bank of America. That bank has been telling some customers to wait 90 days before applying for a refinance. Banks have to staff up to handle … Continue reading

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Despite Record Low Mortgage Interest Rates, Mortgage Applications Declined Last Week

Interest rates aren’t everything when it comes to considering a mortgage. A more important consideration might be the state of the economy and an honest reckoning of one’s own prospects. Not many economists see economic growth ahead for several years. … Continue reading

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Obama’s Refinancing Plan Causes Mortgage Bonds To Fall In Value

President Obama’s plan will make it easy for homeowners who are underwater on their mortgage to refinance into a low-interest mortgage. This is pushing down the value of mortgage-backed securities and increasing pressure for a rise in mortgage interest rates, … Continue reading

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President Obama’s Plan To Boost The Housing Market

With the housing market in the doldrums, it is difficult to have an economic recovery. Home prices are on average one-third below where they were in 2006. Mortgage interest rates are at record lows but most of the homeowners who … Continue reading

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Mortgage Interest Rates Hit Record Lows

With the economy in the doldrums, demand for mortgage loans weak, the home market staggering, banks have reduced mortgage interest rates to record lows. This has had a mild effect on the housing market, preventing home prices from falling further. … Continue reading

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Mortgage Interest Rates, Home Sales Rise

These two indicators often run together. With increased demand for home buys and mortgages, interest rates rise. With fewer people interested in buying homes and taking on mortgages, interest rates fall. Record low interest rates have not been enough to … Continue reading

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