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 [...]
“Home Prices Will Decline by an Additional 5%-7% From the 2006 Peak”
Let Subprime Blogger be your mortgage news source and help you stay up to date on current mortgage rates. We offer information on daily mortgages rates and how they correlate to the 10 year treasury rate so make sure to check back each morning. S&P’s chief economist David Wyss expects “home prices will decline by [...]
Phoenix Home Prices – Over a 50% Decline
Thanks to Zillow.com for the chart above that shows just how bad things have gotten in the Phoenix housing market. The Case-Shiller Index illustrates that Phoenix is down 53% since the July 2006 top. It will be very interesting to see if higher mortgage rates affect this trend even more. I would like to hear [...]
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 [...]
Let the Market Set Interest Rates!
Make sure to use Subprime Blogger to get your Mortgage Rates Forecast as well as keeping up with Daily Mortgage Rates. You could save a great deal of money by knowing where mortgage rates are going. I promised a rant yesterday and today’s tirade is directed straight at President Obama and Ben Bernanke. For many [...]
Refinance Rates Going Higher Will Hurt the Housing Market
For information about Refinance Rates please be sure to click the link for previous articles. Refinancing is a task that can be daunting but could save you thousands of dollars. After many months of an up trending 10 Year Treasury Yield, it looks like mortgage rates are following the treasury notes lead. Over the past [...]
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 [...]