Tag Archives: loan balances

Will Rising Interest Mean Lower High Prices?

No. Not really. Not necessarily. Just because mortgage interest rates rise, making homes less affordable for most potential buyers, that doesn’t mean home prices will crater. I think it is a good bet that home prices have another 10% to … Continue reading

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Is The Bailout Change We Can Believe In?

From the New York Times editorial: As prices drop, millions of people who have never missed a mortgage payment stand to lose their home equity. Under the program, the government will insure up to $300 billion in new, more affordable … Continue reading

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Solving The Mortgage Crisis

From Barrons: WHAT DO YOU CALL A PERSON WHO OWES MORE ON HIS MORTGAGE than his house is worth? Absurdly, the payments still are designated tax-deductible interest (mostly) and repayment of principal (a tiny fraction). To solve the mortgage crisis, … Continue reading

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Refinance Bill Passes US Senate Committee

CNNMoney reports: NEW YORK (CNNMoney.com) — The Senate Banking Committee on Tuesday voted 19-2 to pass a housing bill that the panel’s leader hopes could be signed into law by July. The bill would prevent foreclosures, create affordable housing and … Continue reading

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