Tag Archives: consumer confidence

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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For Underwater Borrowers, The Outlook Gets Worse And Worse

About a quarter of American mortgages are underwater. What is owed on the mortgage exceeds the value of the home. As homeowners get increasingly underwater, they have more incentive to default on their mortgage. As a result, foreclosures boom and … Continue reading

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Home Sales Drop 3.5% From June

Home sales are up 21% from last year but last year’s number was artificially low. Buyers are less likely to buy a home right now because consumer confidence is weak. Buying a home is a major purchase and without confidence … Continue reading

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Home Price Rebound In 2011

Not likely. Not when so many people are out of work. So when might unemployment drop? There’s no sign of that. Not for at least a couple of years. Whither interest rates? Heading up. Here’s a report from New Jersey: … Continue reading

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Mortgage Applications Climb

Reuters writes that experts expect housing prices to drop another 10%. Consumer confidence is at a record low. Overall, housing prices are 22% below their June 2006 high. Most signs about the current economy are negative. NEW YORK (Reuters) – … Continue reading

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Marketing & The Subprime Crisis

From adweek: The crisis started when lending institutions began taking risks predicated on the belief that housing prices would continue rising. They made loans at higher-than-standard rates — often with enticingly low "teaser" rates that jumped up after a couple … Continue reading

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Mortgage Bailouts & You

From the Desert Sun: The housing industry plays a critical role in the nation’s economy. Housing and housing-related services account for about 15 percent of the gross domestic product. As housing goes, so goes the economy. Congress is considering a … Continue reading

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Housing Market Worst Since 1970s

From the Guardian: House sales could fall to their lowest level since the mid-1970s the Council of Mortgage Lenders warned yesterday, as it predicted a drop in prices and a halving in the mortgage market as a result of the … Continue reading

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Interest Rates Can’t Go Any Lower

Don’t expect any more cuts after today’s little one. The Federal Reserve has little space to maneuver. The dollar is weak and inflation is picking up. Monetary policy has reached its limits. Here’s a column: Will This Be the Last … Continue reading

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American Economic Confidence Limp

Will the tax rebate and a coming mortgage bail-out be the viagra the economy needs? Or will lower interest rates help businesses stand tall? Consumer confidence is way down notes this New York Times article. Foreclosures are way up. Economic … Continue reading

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