Remember when the government subsidies for buying new cars ended and car sales tanked? Looks like we’re seeing the same thing in the housing market. It shouldn’t be surprising that Mortgage Purchase Applications Plummet As Tax Cuts Expire because when you subsidize an activity, you get more of it. When you take [...]
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We often hear that the record spending of the U.S. federal government is going to lead to an increase in inflation – either a moderate increase of 3-4% or hyperinflation on par with Weimar Germany of the 1920′s, depending on who you listen to. I’m not going to get into the hyperinflation debate, but I [...] It looks like there’s a “mini-wave” of mortgage refinancing that’s been pushing the rate of applications up to a six week high. But the home buyer tax credit doesn’t expire until the end of April, and that doesn’t apply to refinancing anyway, so why the rush? The rush may be due to the anticipated end to [...] It seems like only yesterday that we were hearing about Option ARM Mortgage rates resetting, and that holders of those loans were unable to refinance because their house was worth less than the mortgage…. Oh, wait… it was yesterday. Well, even so, things appear to be confusing in the housing market and mortgage industry [...] |
 
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