Posts Tagged ‘Housing Industry’

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, [...]

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 [...]

Current mortgage rates

Monday, June 6, 2011

Today, the Federal Reserve cut benchmark interest rate from 0. 25 and zero percent. What the hell does that mean? And how is that no matter how many times the Fed cut the rate, which affects just 15 years old and 30-year mortgage rates of interest? Do you have something to do with the demand [...]