Tag Archives: national association of realtors

Why Aren’t Cheap Mortgages Helping The Housing Market?

Before I even read the following article, but just the headline, I could tick off some answers. * Lower mortgage rates are helping the housing market. It would be much worse without the lower rates. * With the prospects for … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on Why Aren’t Cheap Mortgages Helping The Housing Market?

Mortgage Interest Rates Steady

Mortgage interest rates remain near record lows. Borrowing costs have never been cheaper. Homes have never been cheaper. Why? Because there’s so little demand to buy a new home and to take on a mortgage. With so many people out … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Interest Rates Steady

What Are Good And Bad Reasons For Buying A Home Now?

Good reasons include declining home prices over the past four years and near-record-low mortgage interest rates. Bad reasons include that home prices are likely to decline further in the next year. So why not just wait to get a better … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on What Are Good And Bad Reasons For Buying A Home Now?

Tightened Credit Crimps Mortgages

As the federal government reduces its role in the mortgage industry, mortgages are going to become even more expensive and difficult to get. This pullback by Fannie and Freddie in the size of mortgage loans they will buy will make … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Tightened Credit Crimps Mortgages

A Third Of Home Sales Are Cash Sales

Mortgage interest rates are near record lows but mortgages are difficult to obtain. The Dodd-Frank financial regulation act of 2010 makes lending a more complicated business and as a result banks are doing less of it. Also, the Democrats are … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on A Third Of Home Sales Are Cash Sales

Why Are Home Sales Falling With Mortgage Rates?

When mortgage interest rates fall, home sales are expected to rise. Lower mortgage rates mean that homes are more affordable. More people can get a mortgage, theoretically anyway. Today’s tight lending standards severely restrict mortgage lending. A big reason for … Continue reading

Posted in Banks, mortgage, Rates | Tagged , , , , , | Comments Off on Why Are Home Sales Falling With Mortgage Rates?

Falling Home Sales, Prices

Are you still expecting a recovery in home sales in 2011? You’re a sucker! Pending home sales fell far more than expected in April. Home prices will inevitably follow along with more home defaults and foreclosures and the vicious cycle … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Falling Home Sales, Prices

Mortgage Delinquencies Grow Down Under

Australia’s property market has surged in the past 20 years. The typical home has quadrupled in price. Homes in Sydney now typically cost more than homes in greater New York. However, latest statistics show trouble on the horizon. There’s a … Continue reading

Posted in Foreclosure, mortgage | Tagged , , , , , | Comments Off on Mortgage Delinquencies Grow Down Under

Republicans Vs Realtors On Housing Policy

I’ve heard conservative commentator Dennis Prager say that he has the same views of big business as a communist. He says that big business is immoral. They will do anything they can get away with to make a profit, including … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Republicans Vs Realtors On Housing Policy

Mortgage Industry Fights To Keep 3.5% Downpayments

The Federal Housing Administration insures home mortgages with down payments as low as 3.5%. When homeowners don’t have much money invested in a home, it is easier for them to walk away from it. This is the sort of nonsense … Continue reading

Posted in Foreclosure, mortgage, Politics | Tagged , , , , , | Comments Off on Mortgage Industry Fights To Keep 3.5% Downpayments