ShareTweet Thanks to record low mortgage rates and home prices that have fallen roughly one-third on a national level from the real estate bubble’s peak, buying a home is now more affordable than it has been in decades. (NOTE: This takes into consideration the price of the house/mortgage only, not other costs such as HOA […]
FHA Making it More Expensive to Get a Mortgage
ShareTweet In what may be yet another blow to the housing market – don’t fool yourselves, kids, the housing market isn’t currently rebounding, nor will it start its rebound any time soon – starting tomorrow, the Federal Housing Administration (FHA) will make it more expensive and harder to get a loan through them. Don’t get […]
Morgan Stanley Sees Higher Treasury Yields in 2010. Economic Recovery in Jeopardy?
ShareTweet Thanks to a ballooning Federal fiscal deficit, Oliver Biggadike and Daniel Kruger of Bloomberg.com report that the chief fixed-income economist at Morgan Stanley believes the yield of 10 year U.S. Treasury will climb to 5.5% in 2010, which is about 40% higher than the current yield. (Click here to read their article in full). […]