Tag Archives: commodity prices

Mortgage Rates Hit 2011 Low

Anemic economic growth, high gas prices, out of control commodity prices, a strengthening US dollar, all are helping keep mortgage rates near all-time lows. CSM reports: Low rates haven’t been enough to jumpstart the weak housing market. Fewer people bought … Continue reading

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Reeling In The Stimulus

I love that Steely Dan song, ‘Are you reelin’ in the years?’ That’s the song I hear in my head as I read about Federal Reserve chair Ben Bernanke talk about his plans to reel in the stimulus once the … Continue reading

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Mortgage Rates Drop

This should pep up refinances. Rates went down to a record low of 4.71% in early December. Since they’ve been heading steadily up. There are all sorts of reasons driving this increase in mortgage rates including huge government deficits, a … Continue reading

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Who Was To Fault For The Housing Bubble?

Was it the Fed’s easy money policy? That drove up commodity prices, real estate, gold and the like. Was it lack of adequate regulation? Until this bust, the mortgage market was reliable. Widows and orphans invested in its bonds. Something … Continue reading

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Tackling Inflation

From New York Times: The Swiss-based BIS — a meeting place and think tank for the world’s central banks — gave a gloomy outlook for both inflation and growth in its annual report, published after a three-day meeting of central … Continue reading

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The Consequences Of Easy Money

From the Wall Street Journal: "As interest rates in the United States fell relative to those abroad, the dollar declined, which could have boosted the prices of commodities commonly priced in dollars by reducing their cost in terms of other … Continue reading

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World’s Refinance Woes

From the CBC: No single remedy was recommended to bolster the global economy, but Bank of Canada governor Mark Carney indicated further interest rate cuts are likely needed in Canada. The officials from the United States, Japan, Germany, France, Canada, … Continue reading

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Oil Prices Soar, Housing Prices Crash

Here’s a perceptive column from New Zealand. Are we headed for stagflation? It seems like the 1970s all over again. Not good. Bond managers are not happy. Michael Coote writes: The dismal S-word – stagflation – has hit the headlines, … Continue reading

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Stocks Jump As Mortgage Market Stabilizes

Justin Grant writes for Reuters that American stocks are way up as gold and oil prices plunge. Big mortgage financiers Fannie Mae and Freddie Mac surged for a third day on hopes they will stabilize the housing market. Fears about … Continue reading

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