Mortgage Rate Predictions Remain Accurate – Rates Under 4.8%
Earlier this week I predicted mortgage rates would continue to head lower but not drasically lower. My Monday Mortgage Rate Predictions were as follows: Unfortunately, the government is not letting free markets work themselves out but this is not different than any other part of the business world today. Now that the Fed is accelerating [...]
Housing Market – Education is Key So Maybe It’s Time to Get Off the Fence
Guest Article by Micheal B. Over the past few months potential first time homebuyers have seen the affordability of the “American Dream” reach an all time high. Several factors are contributing to this opportunity including historically low interest rates, an excess amount of homes on the market, extremely motivated sellers, and an amazing $8,000 tax [...]
Economic Recovery – Where Does the Road Begin?
Guest Article by Tim In the past month there have been many experts that now think America will start to recover from this deep recession during the summer of 2009. Of course, there are other experts that feel we have not seen the worst of this recession and may be tickling the edge of the [...]
Your Chance to Write Articles for Subprime Blogger
For the first seven months of this blog I have opened up the forum to a few readers who had the desire to post their feelings through articles. After realizing how much passion some of the readers have for the current economic crisis and the mortgage industry, I am going to allow YOU, the reader, [...]
Refinance Rates Falling with Mortgage Rates
Many Americans are very serious about refinancing their current mortgage to a lower rate. With the government doing everything in their power, including defacing the United States currency, to lower mortgage rates, now may be the best time in history to refinance your home. Average mortgage rates are hovering around 4.8% and there is extreme [...]
Obama Stimulus Check will be on Your Paycheck through Tax Cuts
I am a firm believer that knowledge is power and it seems that there are quite a few Americans who have NO knowledge whatsoever of how much President Obama is saving them in taxes. Since April 20th, “Obama Stimulus Check” has been the number 2 searched keyword for Subprime Blogger. Does America realize there will [...]
Mortgage Rate Predictions – The Fed Purchases $75 Billion in Mortgage Backed Securities
UPDATE: For more recent mortgage rate predictions make sure to go to the mortgage rate predictions category. Also please check out the mortgage rates forecast category for more interest rate analysis. August 17th – The current mortgage rate predictions article can be found here: Mortgage Rate Predictions – Mortgage Rates Around 5.2% in Mid August. [...]
Subprime Loans are What Caused the Financial Crisis?
Subprime loans are one of the main reasons we are in a global financial crisis. When loans for over $250,000 were given out to people who made less than $50,000 a year, you knew a problem would eventually arise. There is no way that someone can afford to pay a loan that is FIVE times [...]
Mortgage Rate Trends – Housing Inventory Data Remains Historically High
Fewer Americans moved in 2008 than in the past 16 years because they couldn’t sell their houses. There is a great deal of pent up demand which could greatly help the housing industry if it is let loose. It looks as if home sales are bottoming around 4.5 million, but this is deceiving as we [...]
Refinance Appraisal – Will this Step Hurt My Chance to Refinance?
President Obama has worked very hard in his attempt to put a bottom in the housing market. The Making Home Affordable Plan was created partly to help current homeowners refinance at a lower rate which would put more money in their pockets in the long run. The biggest problem that this plan has seen in [...]
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