We do NOT need lower mortgage rates , we need much higher interest rates then today. I know this sounds counterproductive, but these artificially low rates will cause a nightmare of lowering housing prices again after finally hitting what appears ... Mortgage rates drop and oil futures are up 8% ...
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Written by on April 2nd, 2009
Written by on March 31st, 2009
That sort of criticism highlights the difficulty of the Fed’s mission, and though the significant drop in mortgage rates in the past six months has been welcome in almost all quarters, it is hardly a magic bullet for the multi-faceted housing market ... Ely and others say it is only ...
Written by on March 31st, 2009
The income argument has never held true, the income argument will never become true. And while you wish it to be true, inventory sinks, rates drop and sales increase month after month. Dealtracker Says: .... This will end when the gov’t and banks get tired of issuing foreclosure moratoriums, and ...
Written by on March 30th, 2009
Considering that the chart was put together in 2006, how many of those loans have already been refinanced at fixed rates ? How many more will be refinanced now that rates are around 5% or less? How many of those belonged to ... People are seeing their rates reset from ...
Written by on March 28th, 2009
Just when you thought that mortgage interest rates were as low as they could go, they drop even lower making those in the industry wonder just when we will actually see the bottom. According to the weekly mortgage survey conducted by ...
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First Mortgage Buyer | Mortgage Rates Hit 30 ...
Written by on March 28th, 2009
This boost is due entirely to the expected increase in mortgage refinancing activity motivated by the drop in interest rates following last week's Federal Reserve's announcement on the Treasury bond and mortgage -backed securities purchases ... MBA projects that total existing home sales for 2009 will drop 2.5 percent from ...
Written by on March 26th, 2009
Of course I knew this would not be the case as that would be the largest drop , by far, in the history of mortgage rate data. Make sure to check back every Monday as I will predict weekly mortgage rates . Return each Thursday to see how ...
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Written by on March 25th, 2009
When the Fed announced last week that it would spend up to an additional $750 billion to buy mortgage-backed securities , it set off some excitement in the mortgage world, and rates quoted by lenders on Zillow Mortgage Marketplace dove downward immediately . The average weekly mortgage rate ended up ...