Part of the purchasing decision for buying a house is an expectation of what housing prices are going to do in the future. It's true that houses are getting more and more expensive, but people are increasing their wealth in ways we haven't seen in a while.
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People who are making the transition from renters to owners will find it the biggest hurdle.Amy Cutts
Last Friday's unexpectedly weak employment report caused interest rates on long-term Treasury bonds and, by extension mortgage rates, to fall as investors worried about the health of the U.S. economy.
Amy Cutts
Even with rising mortgage rates over the last four weeks, 30-year fixed-rate mortgage rates remain an historical bargain. To date, contract rates for these mortgages have been below 6 percent for 31 weeks in a row, and we don't expect these rates will rise very much above 6-14 percent by year end.
Amy Cutts
The onset of 2005 bodes well for the housing industry. Long-term mortgage rates are currently below six percent.
Amy Cutts
Refinancing activity was very strong in the fourth quarter, even with higher interest rates. The large share of borrowers who took cash out when refinancing their mortgages combined with the strong overall refinance volume led to an extraction of home equity through prime first-lien refinances of 70.3 billion, slightly higher than the revised estimate of 67.2 billion extracted in the third quarter. We expect the share of all refinance borrowers who take out cash to remain high in 2006 because of the relatively high cost of second mortgages and home-equity lines of credit.
Amy Cutts
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Based on Topics: Future Quotes, People QuotesBut it is important to observe that when Europe or the United Nations impose sanctions that are supposed to be aimed against a certain regime, usually generally millions of people end up being directly punished.
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You're playing worse and worse every day and right now you're playing like it's next month.
Herb Brooks
As a little girl I used to daydream about my real father coming on a white horse to rescue me.
Christine Keeler