Tag Archives: market interest rates

No Amount Of Government Intervention Will Stem Foreclosures

President Obama’s administration has new plans for the housing market. They’ve created a way for homeowners underwater and unable to refinance their homes to refinance into lower rates with mortgages owned by Fannie Mae and Freddie Mac. Despite this showy … Continue reading

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Shorter Term Mortgages Save Significant Money

Since the housing crash of 2008, an increasing number of homeowners have opted for a shorter term mortgage than the traditional 30-year variety. When people refinance these days, they are increasingly opting for 15 and 20 year mortgages. Some even … Continue reading

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Bond Investors

A year ago, it appeared that many Wall Street firms would have trouble meeting their debt payments. This has not happened. Wall Street has been going up for the past few months (until the past two weeks). Now bond investors … Continue reading

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Home Mortgage Rates Hit Their Lowest In Decades

But to take advantage of the new low rates, you have to have sterling credit. Lenders have learned their lesson from subprime loans and are making credit much more expensive for those with credit scores under 650. Rates have dropped … Continue reading

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Learning From The Australians

From the WSJ: America’s mortgage industry will not recover, nor deserve to recover, unless it is prepared to challenge this politically unpalatable reality. Australia’s four major banks sit amongst the 20 AA rated banks around the globe. Take nonrecourse mortgage … Continue reading

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A History Of Banking Crisis

From the Australian: IN 1772, the collapse of the Ayr Bank led to the Edinburgh banking crisis of that year. Only three of Edinburgh’s 30 private banks survived. In 1999, then president Bill Clinton instructed the Fannie Mae Corporation to … Continue reading

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How The Mortgage Market Has Changed

Amy Bonis writes: The mortgage market has changed but for many, it has gotten better. Most folks don’t know this. Interest rates have come down. On the flip side, new first time buyer programs have evolved that are absolutely fantastic … Continue reading

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The UK’s Mortgage Gap

From the BBC: Net lending for mortgages – that’s mortgage lending over and above the refinancing of existing mortgages – was £110bn last year (it was a similar amount in 2006 and a touch less in 2005). According to a … Continue reading

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