Tag Archives: Debt Crisis

Mortgage rates down from last week

Mortgage rates eased this week, as expectations of rapid economic growth were tempered by continued worries about the European debt crisis and the potential impact of government spending cuts. Rates on 30-year fixed-rate mortgages averaged 3.54 percent for the week … Continue reading

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Investors Swarm Housing, Raising Concerns

The number of homes sold to investors more than doubled last year, as rising rents and low-priced distressed properties fueled demand. Investors, half of them using no mortgage, bought 1.23 million homes in 2011, a 65 percent jump from 2010, … Continue reading

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Where To Find Housing Demand

Given record low interest rates and still-falling home prices, you would think housing demand would be surging, but these are strange, strange times. Difficult credit conditions, combined with a steep drop in consumer confidence have cancelled out housing’s positives. Most … Continue reading

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Seen and Heard On Nantucket: A Lack of Confidence

Please forgive my absence last week, but I was on vacation with the family. We visited the island of Nantucket, where intrepid whalers once hunted surrounding waters in search of the mighty beasts’ precious oil, and where I spent a … Continue reading

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The Debt Crisis and Mortgage Rates

If you’re not talking about the head of the IMF today, then the only thing left really is the debt ceiling, which we officially reached today ($14.294 trillion for anyone who’s counting). While estimates are that it will take until … Continue reading

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