Tagmortgages

Housing Market Predictions for 2015: Part 1

With the New Year approaching, consumers, investors, industry experts, and policy makers alike all cast a critical eye toward the 2015 real estate market. 2015 marks nine years since the housing bubble peaked before crashing, and three years after home prices hit a record low post-recession. This recovery has been a slow one, and 2015 will continue the trend of slow growth, but the market is...

5 Best Mortgage Tips

For anyone who is considering or already in the process of home buying, you already know there are a number of things to deal with and get through in order to get the home you want while paying the price you find acceptable. One aspect of home buying that can be quite a tricky hassle is getting through the mortgage process. These simple suggestions can help you get through all of the a little bit...

How Adjusted Mortgage Underwriting Standards Can Access the Massive U.S. Money Supply, Adding Velocity to Money Circulation and Kick Starting the Economy

Money talks, and when it does, we listen, so we’ve all, undoubtedly, heard the sound of circulating cash. As the dollar moves between buyer and seller, an anticipatory “Cha…” sets the buck in motion, while a conclusive “…Ching” finalizes the exchange. “Cha-Ching!” – the chime of money in motion and growing prosperity. However, once the drowning noise of collection agencies disrupt the harmonious...

Reverse Mortgages Rising – What Does It Mean?

The number of seniors applying for reverse mortgages is going up, according to a new study by MetLife. The study finds that not only is that number going up, but seniors are demanding reverse mortgages at younger ages. The average age of seniors using reverse mortgages is 73, but 46% of homeowners considering it are under age 70. Essentially, more seniors are asking for reverse mortgages earlier...

Record Low Mortgage Rates Not Enough To Boost Housing Market

The housing market is still struggling to gain a good pace. That’s a nice way of saying the market is still doing poorly. And as another sign of the bad conditions, mortgage rates have reached historic lows. 15-year fixed-rate mortgages averaged 3.13% last week, a new record low. And the average rate on a 30-year fixed-rate mortgage fell to 3.88%, less than 1% from the record low. The low...

New Financial Legislation Credit Default Swap’s Effects on Real Estate

Recently, our congress successfully passed new legislation, courageously recomposing century-old U.S. financial rules. It seems our buddies in D.C. have acquired great economic know-how, unseating 80 years of financial thought in a single, 24-hour session. The method of attack dealt with added regulation in derivative trading, and more specifically – Credit Default Swaps. Today, I will explain...

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