Topics: renting, buying a home, real estate, mortgage payments, austin real estate, economy, mortgage calc
Historically speaking, the answer to the rent or buy question is that usually it’s smarter to buy a house. These are not usual times. The true answer to that question, of course, depends on the individual situation. There […]
Topics: mortgage rates, home buying, refinancing, bailout, economy, real estate, austin texas real estate, h
There is a plan in the works to lower the rate on 30-year home mortgages to 4.5 percent, a number not seen in decades for home loans. The plan by the Treasury Department to help the hurting housing industry would […]
Topics: mortgage interest rates, mortgage rates, free mortgage calculator, investment properties, austin mls
Last week 30 year rates were at 5.53. At that point those were the 5th lowest rates we have seen in the last 30 years. This week we saw rates drop again to 5.47. Now rates are third lowest we […]
Topics: mortgage interest rates, mortgage rates, mortgage calculator, FED, loans, banks, austin real estate
Mortgage rates experienced a historic drop this month. 30 Year rates fell from 5.97 to 5.53. This is the lowest rates have been since January 2008. But I think this understates how low mortgage rates are this week so […]
Topics: mortgage rates, free mortgage calculator, austin mls, mortgage interest rates, FED, loans
For the month of October we saw rates bouncing up and down pretty wildly. For the month of November we have not seen any large one week changes but a steady trend downward. The 30 year mortgage rate has moved down […]
Topics: Bailout, Financial Crisis, Economy
Getting back to the point I made about investors taking responsibility for their investment decisions, there is one other big thing I learned when I tried to play the Wall Street game. The Wall Street Jungle is infested with a vicious carnivore known as Humanosaurus rex — a ferocious humanoid with […]
Topics: recession, economics, analysis, subprime, mortgage, fed, interest rate
As the sub-prime mortgage scandal continues to play out badly for many US companies, more and more questions have been raised as to whether the impact of a slowdown in one area will translate into a nationwide, or even global, recession. Growth prospects within the US are […]
Topics: federal reserve, interest rate, rate cut, economy, recession
On January 22nd, the Federal Reserve cut their most important interest rate for the fourth time in the past six months, in an attempt to stem the widespread sentiment that the US is in, or headed for recession. Their cut comes at a strange time, because they […]
Topics: investment, subprime mortage, superfund, economy
The M-LEC, as it is called, has been created in order to restore investor confidence in some areas of the economy that are neccesary for credit to maintain its liquidity, or ease of transference from one entity (a bank) to another. This loss of liquidity comes in the wake of […]
Topics: interest rate cut, real estate, finances, home buying, fed, mortgage
The Federal Reserve cut interest rates on Dec. 11th on hopes that the credit crisis would be tempered from 4.5% to 4.25%. Markets were on the upswing up until the cut was announced because many investors were under the impression that the central bank, under […]