As you’ve no doubt noticed, each month our depressed markets witness lower and lower mortgage rates. There are several possible factors associated with this phenomenon.
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As you’ve no doubt noticed, each month our depressed markets witness lower and lower mortgage rates. There are several possible factors associated with this phenomenon.
Read more »
Option ARMs were used from 2004 until 2007 with five-year resets (or less) to higher interest rates with standard amortization schedules. Thus, many have come into play during 2009 and we will see many more in the months ahead.
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Without much inflation now or inflationary expectations in the near future (long-term is a different story!), interest rate levels have fallen to near record lows. In addition, monetary policy decisions from the Federal Reserve Bank have been aggressive in providing cheap sources of financing in the economy including the potential for lower priced mortgages.
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Thursday, Feb. 9, 2012
