Mortgage rates reached record high, housing prices are still
It was only a matter of time before impact, the economic downturn in Europe across the Atlantic and began to the U.S. market. The average 30 year mortgages at fixed rates dropped to 15 years, during which they would have amounted since 1985 to APR 4.96% and 4.34%. Happen with these low mortgage rates, economists and socialists is of it is rising house prices, because more people can afford. However, house prices fell in February of March. When planning your investment in your family, a mortgage is almost always included in the family budget.
Make a house a home is not cheap, and loans to help families of all sizes to make the transition. The low cost of mortgages should be in the families left and right to buy new homes will be thrown, but due to economic difficulties in recent years, many people still refuse to buy. Some mortgage lenders are so hungry for investment by the family that their mortgage interest rates were cut by 4.00% to a fixed rate mortgage with no points in 15 years!
How could this happen? The uncertainty of all the loans from the community, including the U.S. government and investors fear. If the federal government of the United States decided to support the mortgage, but have an investment for the family, which is almost certain that the dish for you. With all these people trying to defend their mortgages, fell Offers!