Tag Archives: new home construction

Will Mortgage Interest Rates Rise If The Federal Government Defaults Aug. 2?

This is a much talked about topic in the news media these days. What will be the repercussions of a federal government default on its debts? What happens if the president and the Congress are unable to agree on raising … Continue reading

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We’ve Been In An Economic Recovery For Two Years!

Yeah, it hasn’t felt like one. I just sense doom and gloom on this front. Yes, I hear from businessmen that things are turning around slowly. I’m optimistic because of the Republican surge in 2010. It looks like they will … Continue reading

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Foreclosure Glut Holds Down Home Prices

Hundreds of thousands of foreclosed homes have yet to come to the market so I don’t see any prospect of home prices rising until at least 2014. I expect more declines in prices over the rest of this year. Sucks … Continue reading

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Mixed News On Housing

Thirty year fixed rate mortgages now carry an interest rate of 4.81%. That’s almost half a percentage point above the low last October. These rising interest rates have reduced mortgage applications and cut apps for refinancing. The Washington Post reports: … Continue reading

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Fannie Mae Raises Interest Rates

Bloomberg reports (and this is a superb summary of what I watched on the TV this morning, more of that following): Mortgage rates for 30-year U.S. loans jumped to a seven-month high, increasing borrowing costs for homebuyers as the real … Continue reading

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Fewer People Moving For Fewer Jobs

Fewer people moved residences last year than any year since 1962 says this New York Times article. I’m not sure that people today are less willing to move for a good job. From what I hear, there are fewer good … Continue reading

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