Secular Bear Market Has Many Years to Go
Please make sure to use Subprime Blogger to get interest rate predictions. There are also several articles on how you can save money be getting low refinance rates. The current secular bear market we are in and have been in since 2001 has many more years to go. It is likely that investors will see [...]
Home Loan Modification Just Got Harder
Home loan modification just got a little bit harder as mortgage rates continue higher. The entire point of modify a home loan is to get a lower rate which, in turn, would lower your mortgage payments. Many home owners who have been attempting to get a home loan modification are doing so to avoid foreclosure. [...]
Obama Stimulus Check Remains Heavily Searched
As many of you know, I am enamored with what people search for. As a matter of fact, that is how many of you found THIS website. For the first part of 2009 “Obama Stimulus Check” was an extremely strong keyword as there was much debate if Americans would receive a stimulus check that would [...]
How High Will Mortgage Rates Go?
Please make sure to keep up with daily mortgage rates through Subprime Blogger. There are also several useful articles on home loan modification. How high will mortgage rates go is a question that almost every home owner is wondering right now. Over the last three weeks mortgage rates have gone from 4.8% to 5.59%. Some [...]
10 Year Treasury Rate Pulls Back; Mortgage Rates Stabilizing?
On Wednesday, June 10th, the 10 year treasury rate hit 3.988% before some late day selling. Since then it has been a straight shot down to 3.79%. I had predicted that the resistance level would be 4% but I did not think that it would almost hit the resistance level and then free fall for [...]
Did 9/11 Cause the Subprime Mortgage Crisis?
Please use Subprime Blogger to stay up to date with Mortgage Rate Trends and the direction of the overall economy. With the government printing TRILLIONS of dollars, inflation investments might be the best place to put your money. In the CNBC documentary “House of Cards” the staff points out that 9/11 was the primary cause [...]
Housing Market Top was Three Years Ago in July
Make sure to use Subprime Blogger for your mortgage rates forecast as well as finding out ways to get low mortgage rates. In July of 2006 we saw the housing market top in the United States. This chart is a great depiction of the fall we have seen. I know there were many analysts out [...]
Interest Rate Forecast Projects Volatile Mortgage Rates
The interest rate forecast is very clouded right now as there has been great volatility in the treasury market and well as the mortgage market. The 10 year treasury rate has shot from 2% to almost 4% over the last five months. Since almost hitting 4% we have seen heavy selling at the rate has [...]
Barney Frank Interview on CNBC with Mark Haines
For many years I have thought that Barney Frank is a lying asshole and this proves it even more. He absolutely hates it when his viewpoint is challenged and just jumps interviews much like the one above. Just two days ago he said that the Republicans were to blame for the Subprime mortgage crisis because [...]
Mortgage Rates are Going to be MUCH Higher!
In the mortgage rate predictions column I predicted 5.49% this week, but it is likely that rates are going to be MUCH higher. The 10 year treasury note almost hit 4% just as I predicted before some late selling. Expect to see rates following the treasury note higher. This is VERY bad news for a [...]
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