Tag Archives: economic stimulus

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 Loan Rates Fall

Mortgage applications are down too. This is the first time since July that loan requests dropped for the first time six weeks. The housing market has apparently stabilized after three years of plunging prices. This was the steepest plunge since … Continue reading

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Mortgage Rates Not Going Down In Australia

From The Daily Telegraph: Under normal circumstances, a rate cut would mean mortgage rates would come down. In the past year, the RBA has increased rates by 1 per cent but the banks have added another 0.50 per cent with … Continue reading

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US Housing Market Loses $536 Billion In February

Half a trillion wiped out in a month? It looks that way when you examine what happened in February in America’s housing market. Housing prices were down almost 3%. No bottom in sight? We’re looking at the top 20 housing … Continue reading

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Raising Loan Limits For Reverse Mortgages

Tom Kelly writes that the Economic Stimulus Act of 2008 has raised loan limits for conventional mortgages but not for reverse mortgages. The Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development, insures the Home … Continue reading

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