Tag Archives: low mortgage

Home Sales Decline 2.3% In August

We have record low mortgage interest rates. We have home prices off 30% from their highs in 2006. We’re in peak home buying season. And yet home sales keep falling month after month. We’re headed for the worst year in … Continue reading

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Refinancing Into 3.75% Fixed-Rated 30 Year Mortgages

Mortgage interest rates are at unthinkable lows, not that that does much good to most homeowners who are stuck in mortgages paying interest rates above 6% but can’t refinance because of either inadequate equity in their homes or inadequate credit … Continue reading

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What Are Good And Bad Reasons For Buying A Home Now?

Good reasons include declining home prices over the past four years and near-record-low mortgage interest rates. Bad reasons include that home prices are likely to decline further in the next year. So why not just wait to get a better … Continue reading

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Housing Rebound Is Far Off

I haven’t heard any expert predict home values will rise overall in 2011. The next year will be the earliest we can expect a rebound. Meanwhile, bank lending standards and practices are easing. The AP says: The Realtors index showed … Continue reading

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More First-Time Home Buyers

With interest rates near record lows and home prices steadily declining, people who’ve never bought a home are now in the market. What’s keeping more of them from buying is the widespread belief that home prices will fall another 5% … Continue reading

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30 Year Fixed Rate Mortgages Hit 4.81%

Bond yields are going up. The news on the housing market remains glum. AP says: Freddie Mac said Thursday the average rate rose to 4.81 percent this week from 4.80 percent the previous week. It hit a 40-year low of … 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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Home Prices Down 26% Since 2006

Yet property taxes have gone up 37% during that same time period. The property taxes have gone up in Florida and New York and other states with strong unions who have pushed through these tax increases to pay for union … Continue reading

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Low Rates For Those With Great Credit Scores

You keep hearing on the news about record low mortgage rates. But you’re having a hard time getting a hold of those low rates for yourself. Exactly who is taking advantage of these low rates? Only those who need them … Continue reading

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Home Sales At Two Year High

They’re driven by an income tax credit which is due to expire and record-low mortgage rates. Underneath that, the housing market looks weak. Three months of stability don’t seem so impressive compared to the plunge of the past two years. … Continue reading

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