NC Unemployment Will Hurt North Carolina Housing Market
A few months ago I wrote an article on the effects of the unemployment rate on the state of North Carolina. I am now following that up by saying that NC unemployment will definitely hurt the North Carolina housing market. In the spring, both the Raleigh and Charlotte housing markets got a little bit of [...]
Pre Mortgage Approval – How Will It Help You?
One of the most important steps for a first time home buyer is to get a pre mortgage approval. By getting a pre mortgage approval you understand what type of budget you are under when it comes to getting your dream home. You will also find that if you have a strong credit history and [...]
Refinance Rates Following the 10 Year Treasury Rate Yield
Refinance rates look to be following the 10 year treasury rate yield which has me completely baffled at this point. Whatever Ben Bernanke and the Federal Reserve says swings the yield as much as 5% in any given day. Last week, when the Fed announced they were going to continue buying US debt, the yield [...]
RBC Mortgage Rates – Big Bank Competition?
Yesterday I wrote an article on the competition between Wells Fargo and Bank of America in concerns to the home loan industry. There is little doubt that the reputation is that Wells Fargo is much better but Bank of America is making a huge marketing push to increase the amount of home loans they provide. [...]
First Time Home Buyer Loan – Are You Ready?
Getting a first time home buyer loan is a very important decision in any one’s life. It is likely to be the biggest financial decision in your life and it is likely to change your overall lifestyle. Many renters do not realize this, but being a home owner is a totally different ball game than [...]
Daily Mortgage Rates and 10 Year Treasury Rate – July 15th
We saw a huge jump in the 10 year treasury rate yesterday to the tune of almost 3%. Early this morning we are seeing another drastic jump right back to the 50 day moving average. The once strong support is likely to serve as a resistance level now, but we will see. It is likely [...]
Notices of Default Continue to Rise
Calculated Risk has a very interesting article depicting the state of the housing market. In more words or less, it continues to get worse. One of the most important things I see is that Notices of Default continues to rise after a drop off month After a 4.2 percent drop the prior month, Notices of [...]
200,000 Visits – Thank You All!
Today Subprime Blogger broke 200,000 visits. The site was established on October 27th and has been for quite a ride. There have been many ups and downs, but overall I have enjoyed producing content for each and every visitor. Along with producing content, I have attempted to hone my skills on SEO and Web Marketing. [...]
Charlie Gasparino “Goldman Sachs was Toast Last September”
On air contributor to CNBC Charlie Gasparino just posed a great question, “Why is Goldman Sachs allowed to remain a bank?” After receiving TARP funds and getting the securities of a bank, isn’t it time to let them be the hedge fund they truly are? They blew out estimates today and posted income of $3.44 [...]
Daily Mortgage Rates and 10 Year Treasury Rate – July 14th
Yesterday we saw a late run up in the 10 year treasury rate yield; nothing significant. I still think it is likely that the 10 year will retest its 50 day moving average and then move to the downside. Average mortgage rates ticked up a little bit yesterday and look to be ticking up slightly [...]
« go back — keep looking »