Tag Archives: lower mortgage

Why Aren’t Cheap Mortgages Helping The Housing Market?

Before I even read the following article, but just the headline, I could tick off some answers. * Lower mortgage rates are helping the housing market. It would be much worse without the lower rates. * With the prospects for … Continue reading

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The Subtle Positive Effects On Housing Of Lower Mortgage Interest Rates

Most news stories about housing and low mortgage interest rates stress the negative. That the lower rates aren’t translating to a boom in home sales or an increase in home prices or a jump in mortgage applications or more housing … Continue reading

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Home Sales Up 7.7% In August

But why were they up? Because of an increase in foreclosures, which will put downward pressure on home prices, leading more homeowners underwater and more foreclosures and the vicious cycle deepens. Lower home prices and lower mortgage interest rates also … Continue reading

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How’s The Federal Reserve Going To Drive Interest Rates Lower?

Mortgage interest rates are already at record lows. Now we have an announcement from the Federal Reserve today aimed at driving long-term interest rates even lower, to practically zero (bad news for seniors who rely on their savings for income). … Continue reading

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Low Mortgage Interest Rates Do Nothing To Stimulate Demand For Homes

Mortgage interest rates hit 50-year lows today. They’re as low as anybody can remember. This will spur refinancing applications and have the potential to put more money back into the economy to boost demand. With U.S. unemployment at 9% 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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A Primer On Mortgage Interest Rates

When the economy is at its worst, mortgage interest rates are usually at their lowest. Why? When there is little economic growth, people move into bonds. Bond dividends are fixed. Bond prices vary on demand. The higher the price of … Continue reading

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Mortgage Interest Rates Fall

Mortgage interest rates rose dramatically last week but have fallen about the same amount this week. Despite the lower mortgage interest rates, consumers are not making much of a demand for new mortgages. With low economic growth and high unemployment, … Continue reading

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Waiting For Lower Mortgage Rates

A month ago, you could lock up a 30-year fixed rate mortgage for around 4% interest. Now you will have to pay 4.5% interest on such a mortgage. A lot of people were waiting for rates to go lower. They … Continue reading

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Mortgage Rates Drop Below 5%

These are the lowest rates we’ve seen since May and should inspire a flood of refinances. You can find lenders advertising their low rates all over the internet, television and newspapers. Heather Best writes for Subprime Blogger: These are all … Continue reading

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