Where Will Mortgage Rates Be In 5 Years?
When asked questions about the future one must first research the past. When looking at the chart of mortgage interest rates over the last 35 years the first noticeable trend is the downtrend from 1982 to present. It is amazing to think that Americans were willing to pay over 18% for a home mortgage in [...]
Should You Refinance Your Home Now?
It has been well documented by many media sources that mortgage rates are at a four year low. This can be attributed to many things one of which is the struggling economy. With an economy in peril it has been financially difficult on many middle to lower class Americans which has a direct correlation to [...]
Six Straight Weeks of Mortgage Rate Declines
For the sixth straight week, the 30 year fixed rate mortgage declined. This week it decreased from 5.53% to 5.47%. In October, the 30 year fixed rate was almost a full point higher at 6.46%. The actions by the government are proving to work as this is a four year low. The strong actions by [...]
Mortgage Rates Below 4%?!?
The Treasury Department has strongly considered creating a nationwide program to lower mortgage rates but would the program would not apply to refinanced loans. The plan comes on the heels of a huge increase in the number of new home cancellations in 20 major United States markets. Several government officials feel strongly that mortgage rates [...]
What are YOU Willing to Go In Debt For?
During our lifetime, the majority of us MUST go in debt at one point or another. The largest amount of debt that most Americans will incur is their home mortgage. Owning a home is the American dream and the only realistic way that most American citizens can do that is by obtaining a mortgage which [...]
Mortgage Interest Rates Fall to Near Record Lows
Mortgage interest rates are at a near historic low and home affordability is at it highest level since 2001. Consumers are currently refinancing their homes at a pace even higher than that seen during the housing boom from 2003 to 2005. If rates continue to fall, the amount of refinancing consumers could hit historical levels. [...]
Trust Markets, Not People!
Many financial pundits claim they can beat the market by X percent over the next 1, 3 or 5 years. While it is quite possible that they have beaten the markets, it is still wise to trust the markets rather than people. The efficient markets hypothesis states that the price of traded assets already reflect [...]
“Bailout” is the 2008 Word of the Year
Merriam-Webster, the leading reference publisher in the United States, has announced that the word of the year for 2008 is “bailout.” Bailout is defined as “a rescue from financial distress.” Over the last ten months, bailout must be the most used word for newspaper and internet article titles. Prior to the current financial crisis, it [...]
5 Reasons to Invest in America Right Now
Subprime blogger has been very negative on the state of the economy and future of this country, but today, we are going to explain why you should should invest in America right now. A cyclical bull could have been born after carving out a bottom in the stock markets. I still believe we are in [...]
The Fed is Deliberately Destroying the Value of the Dollar
Ben Bernanke has deflated the value of the United States dollar since he took over as the Chair of the Federal Reserve Bank. Any time a major United States financial company gets in trouble, the Federal Reserve mulls over a decision to bail them out. Bailing them out means printing more money which, in time, [...]
« go back — keep looking »