What Will Happen When Mortgage Rates Rise? As you view the chart below, you will note the recent sharp spike in interest rates for the 30 year conventional mortgage. What you may not notice at first glance, is the fact that the recent jump in rate is the highest on a percentage basis over the past … Read more
https://www.inman.com/news/2012/09/13/foreclosures-boil-over-in-judicial-foreclosure-states This is exactly what I was talking about back in late February, as you can see in the video I produced illustrating how foreclosures in New York would be a drag on housing prices: https://youtu.be/-3L9Rdu9Eqw
The following link to an article posted on Steve Harney’s Blog, “Keeping Current Matters” is probably the best explanation, thus far, on what the new QE3 Stimulus will mean to Housing. I hope you enjoy it UPDATE: Some of our readers wanted a clear definition of what QE3 actually is. The best explanation we have seen … Read more
Ben Bernanke has made it official: QE3 Stimulus has now begun! The FED will begin pumping $40B into the economy each month, as long as necessary by buying Mortgage Backed Securities. And the FED begins buying Friday and expect to buy around $27B for the remainder of the month. But wait a minute! Hasn’t Fannie and … Read more