Tag Archives: u s treasury

Will Mortgage Rates Drop Below 4%?

That seems likely at this point given the demand for U.S. Treasury bonds has boosted their price and decreased their yield. The biggest effect on mortgage interest rates are the prices and yields of Treasuries. Over the past three weeks, … Continue reading

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How Can We Give The Private Sector A Nudge Into The Mortgage Market?

The federal government played a big role in creating the 2007-2008 housing crash that is still with us. It forced banks to lend money to people (favored minorities) with poor credit and they turned out, in many cases, to be … Continue reading

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What Housing Recovery?

I’m watching CNBC right now. A financial analyst said we are at least three years away from an appreciation in housing prices and a demand for new housing that causes new construction and a boost in construction jobs. Mortgage interest … Continue reading

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Mortgage Interest Rates Hit Record Lows

With all the drama in the world’s financial markets, the demand for U.S. Treasury bonds remains strong. When the world goes to hell, investors want to be in U.S. Treasury bonds. As a consequence, the price of the bonds goes … Continue reading

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The Perfect Time To Buy A Home

Mortgage and banking professionals do not expect mortgage interest rates to drop below where they are now. Amid world-wide economic uncertainty, there is a rush to safety in buying U.S. Treasury bonds, whose prices have climbed dramatically this week while … Continue reading

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Are You Ready For Fannie Mae, Freddie Mac To Demand More Cash?

Fannie and Freddie are going to run out of money any day now unless they get another bailout from the politicians. I expect that whatever Fannie and Freddie ask for, they will receive. How will the fight over the federal … Continue reading

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Mortgage Rates Fall

I expect mortgage interest rates to fall .5% over the next couple of months. There’s very little demand for mortgages. Ergo, the price of mortgages aka the interest rate, will feel pressure to drop. Overall, the economic news for America … Continue reading

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U.S. Treasury Will Grade Lenders Over Mortgage Modifications

This reminds when the banks got public grades under the Clinton administration over their willingness to abide by CRA (Community Reinvestment Act). It’s a way to bend the banks to the political will. The sanctity of contracts and moral hazard … Continue reading

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Federal Reserve Determined To Keep Short-Term Interest Rates Near Zero Until Unemployment Falls

The American unemployment rate is 9.8% and there is no prospect of a significant fall in that number until at least 2015. There are signs that the economy is picking up and that has driven up interest rates, which the … Continue reading

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Reforming Fannie Mae, Freddie Mac

U.S. Treasury secretary Timothy Geitner says that the Obama administration will wait until 2011 to unveil a plan to reform the GSEs Fannie Mae and Freddie Mac. We’re still in the middle of a housing crisis and the Obama administration … Continue reading

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