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How the euro crisis will affect you

Posted by mortgage 4 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.
Home buyers and sellers can get the latest mortgage interest rate information in the new Homes.org weekly mortgage report. The report provides analysis on today's mortgages, economic activity, what is effecting mortgage rates and forecasts for movements in the market.(PRWEB) April 07, 2012 The mixed results of last week's economic reports helped keep mortgage rates from climbing as predic
Last week's rise in 10-year U.S. Treasury yields from 2.0 percent to 2.3 percent suggests that it might not be long before mortgage rates increase from their current record low of just above 4 percent, according to Capital Economics.

Euro crisis may affect mortgages

Posted by mortgage 194 days ago (Editorial)
Mortgage rates could start to rise again as a result of the turmoil in the eurozone, brokers are warning.
The change will result in higher costs and bigger down payments for many home buyers. In California, real estate professionals are bracing for a hard hit as buyers learn they may no longer be able to afford the higher-priced homes they had been considering. Uncle Sam is about to take a first tentative step out of the mortgage business by lowering the size of home loans that the federal ...
Fixed mortgage rates were mostly unchanged last week as credit markets showed little reaction to Washington's impasse over raising the federal government's borrowing limit.

Rising mortgage rates affect buying power

Posted by mortgage 360 days ago (Editorial)
share: digg facebook twitter ?I don't want to convince someone to buy a home who shouldn't, but for those who can and who want to, I want them to get the message that they're living on borrowed time when it comes to interest rates,? said housing consultant David Jarvis, the Houston director of Metrostudy. [...] the monthly principal and interest payment on a $200,000 mortgage financed at 4.75 ...
American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to the subprime mortgage meltdown. President Obama hopes to put the brakes on that trend with a series of regulatory reforms that his administration says will guard the nation's financial system against its own excess. The formal announcement comes today, but much of ...

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Mortgage How to Get is an informational resource about mortgage news and information.