Obama Mortgage Plan Is Not Helping the Recovery
Today the National Association of Realtors said its index of pending sales rose 3.2% to 84.6, but here is the kicker, on strength in government building. The government continues to prop up this economy and housing market even though we have already invested trillions. A $1.75 trillion commitment to buying mortgage backed securities along with [...]
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 [...]
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 [...]
Mortgage Rate Predictions – April 13th – Mortgage Rates Edge Higher
Last week the Freddie Mac weekly survey showed a bounce in mortgage rates just as I had predicted. I think part of this is psychology, but a lot of it has to do with the fact that mortgage lenders are getting swarmed with mortgage applications. The only way to slow down the influx of mortgage [...]
« go back