Tag Archives: time lows

Refinance Your Mortgage Now

Lilly Nelson writes: You have been in your house for a few years. You still have to pay your homeowners insurance. The budget belt is getting tighter due to an alarming 6.6% interest rate on your mortgage. Sure you get … Continue reading

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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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Is Our Monetary Policy Too Loose?

Famed libertarian economist Milton Friedman blamed the depth and duration of the Great Depression on overly restrictive monetary policy. The Fed raised interest rates and choked off economic growth, putting the country and the world into a deflationary spiral that … Continue reading

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Unemployment Rises As Mortgage Interest Rates Drop

This is a predictable relationship. As unemployment rises, there’s less demand in general and for homes in particular. With falling demand, prices as measured in mortgage interest rates, will tend to fall, all things being equal. So even though mortgage … Continue reading

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Mortgage Rates Hit 2011 Low

Anemic economic growth, high gas prices, out of control commodity prices, a strengthening US dollar, all are helping keep mortgage rates near all-time lows. CSM reports: Low rates haven’t been enough to jumpstart the weak housing market. Fewer people bought … Continue reading

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Who Can Get Financing To Buy A New Home?

Only those with stellar credit, reliable income and solid down payments. For everyone else, mortgages are hard to get. Yes, mortgage rates are near all-time lows and home prices are the lowest they’ve been in five years. US News reports: … Continue reading

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What Moves Mortgage Interest Rates?

Yes, mortgage interest rates are near all-time lows but they still jump around quite a bit. Why do they move? Investors buy mortgage-backed bonds. When this demand is high, then the interest rates necessary to attract investment fall. When such … 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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Corporate Credit Demand Falls

From Bloomberg: The London interbank offered rate that banks charge each other for loans rose for a fourth day, driving a gauge of cash scarcity among banks to a record. The biggest drop in financial short-term debt outstanding since at … Continue reading

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