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Economy

Young couples should rent

A opinion piece in Investment News claimed that ‘For young couples, renting may be a better option”.  I hate headlines like that  – they are designed to get your attention, but most people don’t have the time to read the article.  They end up with this piece of random advice floating around their head that [...]

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Like Apologizing for Friends the Morning after a Bender

Jon Stewart on The Daily Show has a way of putting his finger on things.  In this interview with Austan Goolsbee, chair of the Council of Economic Advisors,  took a couple of licks from Stewart, who equated Goolsbee’s position to a guy who has to apologize for his friends the morning after a bender. The [...]

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Home Equity is Just a Number

A recent Wall Street Journal story said, “More than 40% of borrowers who took out a mortgage in 2006 — when home prices peaked — are under water. Prices have dropped so much in some parts of the U.S. that some borrowers who took out loans more than five years ago owe more than their [...]

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Charlotte area Mortgage Updates

Mortgage markets improved last week as foreign buyers of mortgage debt helped to push mortgage rates to a 4-week low. The strength of the Stock Market and higher commodity prices should have pushed mortgage interest rates higher, but the bond market refused to play by old rules. It marked the 3rd consecutive week that rates [...]

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Estimates for economy in 2010

Here is a nice looking chart I found with the consensus estimates for economic growth in 2010 from Bloomberg: In regards to mortgage rates, what would these outcomes have for home buyers?  On the right, a stalling economy keeps rates low as the threat of inflation is kept away. You’d see rates in the low 5% range [...]

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