Tag Archives: record lows

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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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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Dow Jones Near Record Highs, Mortgage Rates Stay At Record Lows

A lack of demand for new mortgages is keeping rates around record lows, under 4% on 30-year fixed rate mortgages for folks with great credit scores. There’s yet to be an uptick in home sales as a result of these … 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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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

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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

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Mortgage Interest Rates Stay Near Record Lows

Interest rates and bond yields are jumping in parts of Europe such as Greece, Italy, Spain and Portugal, but bond yields and mortgage interest rates are staying low in the United States. Despite these low rates, there’s not been much … Continue reading

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Economists Don’t Expect Mortgage Interest Rates To Decline Further

Notice how over the past four years, economists have kept saying that they don’t expect mortgage interest rates to decline further. And then the mortgage interest rate keeps going down. Economists are now saying that our record lows are not … Continue reading

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Millions Of Americans Can’t Refinance

At least 2.3 million American homeowners who would benefit from mortgage refinancing can not refinance due to two principle reasons — low credit scores and a lack of equity in their homes. Long-term fixed rate mortgage interest rates are around … Continue reading

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