Archive for the ‘mortgage rates’ Category

Overview for US Mortgages

Monday, October 24, 2011

After the economic crisis and economic collapse of 2008, the economic system has recently created split personality. The Federal Reserve implemented a nil monthly interest plan (ZIRP) in Dec 2008, establishing a Federal Funds Rate target which is between zero and 0.25 percent or a mere Twenty five basis points. (1) In normal economic circumstances, [...]

Difficulties that New House Buyers Have to Contend with

Thursday, September 29, 2011

Purchasing a house is the embodiment of the “American Goal.” For many American citizens, their single most important achievement in their life is purchasing a home that their family will enjoy for years to come. Whilst buying a home is normal routine and easy for most, many first time housebuyers experience important difficulties in endeavoring [...]

Movements in the mortgage rate

Wednesday, September 14, 2011

Household real estate has dropped on very hard times since the property bubble burst in 2007. Using the most current Home Price Index data, the nation’s price index declined 5.9 % year-over-year after June 2010. It is the steepest decline since 2009, as the fall that started out in 2007 suddenly changed itself. Quite a [...]