Banks, like all other businesses, exist to make money for their shareholders and other stakeholders. It so happens that banks use money to make money. While other businesses produce some tangible product or service, banks use your money to make money.
The terminology is not understood by many–capitalization, securitization, leverage, derivatives. These terms have been in […]
Mortgage Rates fell again this week. This is the ninth week in a row were rates have fallen. Last week mortgage rates were already at 50 year lows. The 30 Year mortgage rate fell from 5.19 to 5.14. This is not a huge fall. The significant point this week is […]
In today’s troubled economy people are asking serious questions regarding foreclosure, the housing market and their current financial situation. A lot of people are worried and even more should be. There is clear evidence now that we have entered a period that is looking a lot like the great depression.
And this time there is […]
Mortgage rates are down to rates we have no seen in 50 years. Since the early 1970s when we have good data for mortgage rates these are the lowest rates we have seen.
1) December 2008 5.19
2) June 2003 5.23
3) March 2004 5.45
4) May 2003 5.48
Before this rates were at current levels in the late […]
