Economic Reality Crushing The American Dream
Reality Becoming Impossible To Ignore There still appears to be a serene sense of calm by the American public. They hope that the government will be able to solve our economic crisis in short order and restore [...]
Banks Restrict Mortgage Lending To A+ Customers Only
Latest Changes Eliminate More Borrowers From Mortgage Market As written previously, for those without impeccable credit, adequate income and loan to value below 70%, the low advertised rates are not available. See All Time Low Rates For [...]
Fed Struggles To Lower Mortgage Rates
Fed Determined To Lower Mortgage Rates With Unconventional Methods Mortgage rates started dropping late last year after the Federal Reserve announced that it would be purchasing mortgage backed securities (MBS) in an effort to lower mortgage rates. [...]
Mortgage Rates Surge Upward – Is The Refi Boom Over?
Mortgage Rates Up Sharply Over Past Week Mortgage rates increased again today as the sell off in the long treasury market continued. The all time lows in the mid 4% range have quickly disappeared. A short week [...]
All Time Low Mortgage Rates For A++ Borrowers Only, Fed’s Efforts Futile
As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, only to discover that they do not qualify for the “low advertised rate” (Few May Benefit From Lower Mortgage [...]
We Are All Keynesians Now
Do Deficits Matter? In the short term, it may not matter what anyone thinks. There is a near universal political consensus that spending is the only solution that will save the economy. This consensus is backed by [...]
Congress Proposes Cram-Downs As New Mortgage Solution
The plight of homeowners delinquent on their mortgages has been the focus of much debate lately. There have generally been two major lines of thinking: -The best course is to let free market principles apply. If homeowners [...]
Fed’s Asset Purchases Continue To Expand
The $8 Trillion Dollar Bailout NEW YORK (CNNMoney.com) — Sitting down? It’s time to tally up the federal government’s bailout tab. There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up [...]
The Risk Of Higher Mortgage Rates
Mortgage rates again ticked higher Friday as the treasury market continued its sell off. Most of the good news may already be priced into the treasury market that mortgage rates are based on. Reasons why mortgage rates [...]
