We reported the views and fears of economist Paul Krugman on Feb 14th (see entry for details). He was concerned that the housing bubble on both coasts would burst, not slowly deflate.
Today, two [...]; . . . → Click Here to Read the Full Article
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you should generally avoid any mortgage that does not include some sort of principal payment, and that shorter term mortgages (15 years instead of 30 for example) can save you tens of thousands of dollars. [...]; . . . → Click Here to Read the Full Article The trend toward what economists call the “hourglass economy” is going strong. Here are some selected stats [...]; . . . → Click Here to Read the Full Article 50 Year Mortgages may be even worse than an interest only loan because you think that you are making payments to principle when in fact they are so small that most of your money goes to interest. [...]; . . . → Click Here to Read the Full Article More and more people are giving their vendors the right to make automatic deductions from their checking accounts or make recurring charges to their credit cards. Except in a very few cases, we recommend against this procedure (sometimes you have no choice) because we have found that it is so hard to stop the payments, and even harder to get your money back once a payment has been made. [...]; . . . → Click Here to Read the Full Article The National Association of Realtors reports that 43% of first time homebuyers purchased their homes with no money down in the last quarter of 2005. [...]; . . . → Click Here to Read the Full Article A decade of increases in homeownership appears to be over. The US Census Bureau says that homeownesrhip was 69% in the last quarter of 2005, downslightly from a year earlier. This is the third quarter in [...]; . . . → Click Here to Read the Full Article If your house value has grown significantly in the last five years or so, this would not be a good time to increase your mortgage with refinancing or a second mortgage. [...]; . . . → Click Here to Read the Full Article Ameriquest Mortgage Company, which funded a record $41 billion in mortgages in 2003, has agreed to pay $325 million in fines and restitution to borrowers in 49 states. The company makes loans at high rates [...]; . . . → Click Here to Read the Full Article |
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