Topic: Mortgage Rates
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Six predictions for consumers in 2012
It’s been nice, 2011, but as we move into the new year, many consumers are no doubt wondering what 2012 has in store for them, particularly when it comes to their wallets. Is a double-dip recession in the cards? Will it be easier to get a mortgage? Is a checking account switch in order? What will interest rates be like in the new year? Here are my Top 6 predictions for consumers in 2012:
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Six ways the rich really do get richer
“Class warfare:” Lately this old term has been taking on new life as political theater, a way to rebuke Wall Street protestors, and, predictably, fodder for Fox News. According to Google, in just the last month alone, 3,870 articles have been published containing these words. Another way to express the concept of rich vs. not-so-rich is the expression, “The rich get richer and the poor get poorer.” It’s been around for a long time: According to Wikipedia, William Henry Harrison went there in 1840: “I believe and I say it is true Democratic feeling, that all the measures of the government are directed to the purpose of making the rich richer and the poor poorer.” I’m not going to take a stand on either side of the “class warfare” debate by saying that the rich do or don’t take unfair advantage of the rest of society. This is America, where we all have the potential to become rich. But I will say this unequivocally: The rich do get richer, or at least have the potential to. Let’s count the ways:
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The Fed speaks: Five times Federal Reserve chairmen made waves with words
The Federal Reserve, the institution tasked with guarding the economy against inflation and financial instability, has long made headlines for its words as well as its actions. Here's a look at some moments when a Fed chairman has made waves with his words.
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Financial aid: One of six tools to graduate debt-free
Financial aid dwindling. Rising tuition. College debt over $20,000. Financing a college education can be as hard as paying off a McMansion on an adjustable-rate mortgage. Here are six ways you can trim or eliminate college debt.
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Home prices fall again: Eight keys to the housing market future
Five years after home prices peaked in the US, the housing market remains a weak link in the economy – an important sector that's still struggling to find its postrecession footing. What will 2011 bring? It could be a pivotal year when home prices bottom out and a more stable environment begins to emerge. Here is a look at the key issues affecting home buyers and sellers as we approach the spring real estate market.
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Paper Economy
Mortgage rates tumble to record lows. Again.
The average rate for a 30-year fixed rate mortgage declined 2 basis points to 3.81 percent since last week, the lowest value on on record for this MBA series, while the purchase application volume declined 0.6 percent, and the refinance application declined 1.5 percent over the same period.
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Paper Economy
Mortgage rates slide to record lows
Mortgage rates continue to drop well below 4 percent. The average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this MBA series. The purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.
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How Greek economic woes could help US consumers
Fears that Greece may default on its debt are spurring interest in US Treasury bonds, driving down interest rates on mortgages and auto loans – but not (alas) for credit card debt.
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Paper Economy
Mortgage rates inch down to 3.91 percent
The average rate for a 30 year fixed rate mortgage declined 1 basis point to 3.91 percent since last week while the purchase application volume increased 3.4 percent and the refinance application increased 1.3 percent over the same period.
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The Daily Reckoning
The dollar is in decline. So how to invest it?
The Federal Reserve's role should be to protect the value of the dollar. But the dollar has been in decline for most of the last century.
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Paper Economy
Mortgage rates stay under four percent
The average rate for a 30 year fixed rate mortgage went unchanged at 3.92 percent since last week, while the purchase application volume increased 2.9 percent and the refinance application declined 0.7 percent over the same period.
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Paper Economy
30-year mortgage rates fall to 3.92 percent
The average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) declined 2 basis points to 3.92 percent since last week while the purchase application volume increased 2.7 percent and the refinance application declined 5.6 percent over the same period.
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Paper Economy
Mortgage rates fall below 4 percent. Again.
The average rate for a 30 year fixed rate mortgage declined 4 basis points to 3.94 percent since last week while the purchase application volume declined a notable 11.2 percent and the refinance application umped 13.5 percent over the same period.
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Paper Economy
Mortgage rates fall to 3.98 percent
the average rate for a 30 year fixed rate mortgage declined 4 basis points to 3.98 percent since last week while the purchase application volume declined 0.5 percent and the refinance application slumped 3.1 percent over the same period.
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30-year mortgage rate under 4 percent
30-year mortgage rates fall slightly to an average 3.98 percent, near record low of 3.87 percent that 30-year mortgages hit in February.
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Paper Economy
30-year mortgage rates drop to 4.03 percent
The average rate for a 30 year fixed rate mortgage declined 7 basis points to 4.03 percent since last week while the purchase application volume increased 7.2 percent and the refinance application climbed 4.0 percent over the same period.
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Paper Economy
30-year mortgage rates up to 4.10 percent
The average rate for a 30 year fixed rate mortgage increased 4 basis points to 4.10% since last week, while the purchase application volume increased 3.3 percent and the refinance application dropped 4.6% over the same period.
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Paper Economy
Mortgage rates climb. Really?
The average rate for a 30 year fixed rate mortgage jumped 12 basis points to 4.06 percent since last week, while the purchase application volume declined 1.0 percent and the refinance application dropped 9.3 percent over the same period.
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Paper Economy
Mortgage rates still falling
The average rate for a 30 year fixed rate mortgage declined 3 basis points to 3.94 percent since last week while the purchase application volume increased 4.4 percent and the refinance application declined 4.10 percent over the same period.
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Paper Economy
30-year mortgage rate at 3.96 percent
The latest data is showing that the average rate for a 30 year fixed rate mortgage went flat at 3.96% since last week while the purchase application volume increased 2.1% and the refinance application declined 2.0% over the same period.
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Paper Economy
Mortgage rates: Where's the bottom?
The average rate for a 30-year fixed rate mortgage dropped 2 basis points to 3.965 percent since last week, while the purchase application volume increased 0.9 percent and the refinance application declined 2.2 percent over the same period.
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30-year mortgage rate rises, still under 4 percent
30-year mortgage rate averages 3.95 percent. It marks the 12th consecutive week the 30-year mortgage rate stayed below 4 percent.
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Housing market showing signs of turnaround
Last year was so dismal, home sales almost certainly have to go up in 2012. If home prices stabilize later this year, as many analysts expect, the housing market will be set for a turnaround.
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Paper Economy
No change in low mortgage rates
The average rate for a 30 year fixed rate mortgage went unchanged at 3.98 percent since last week while the purchase application volume declined 2.9 percent and the refinance application declined 4.8 percent over the same period.
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Paper Economy
Mortgage rates inch up, but downward trend continues
The average rate for a 30 year fixed rate mortgage increased 1 basis point to 3.98 percent since last week, but the downward trend has yet to find its bottom.
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Paper Economy
Mortgage rates: How low can they go?
the average rate for a 30 year fixed rate mortgage dropped to 3.33 percent since last week, while the purchase application volume increased 0.1 percent and the refinance application jumped 9.4 percent over the same period.
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Paper Economy
Mortgage rates continue falling
The average rate for a 30-year fixed rate mortgage dropped to 3.98% since last week.
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Paper Economy
Mortgage rates trend lower and lower
The average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) increased 2 basis points to 4.03% since last week, but the overall trend continues to slide
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30-year mortgage rate falls to 3.9 percent
30-year mortgage rate matches record set two weeks ago, says mortgage giant Freddie Mac. But low 30-year mortgage rate has not provided much boost to home sales or refinancings so far.
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Paper Economy
Mortgage rates increase slightly
The average rate for a 30-year fixed rate mortgage increased to 4.01 percent, an increase of one basis point from last week.
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