Best of the Week
Most Popular
1.Gold Price Target of USD 2,300 - GoldCore
2.Greece Banking System Collapse Monday as ECB Pulls the Plug, Capital Controls Ahead of GrExit - Nadeem_Walayat
3.Why British Muslims Are Leaving Elysium Paradise for Syrian Hell - Nadeem_Walayat
4.Greece BANKRUPT! Financial and Economic Collapse to Follow IMF Debt Default - Nadeem_Walayat
5.Extreme Gold/Silver Shorting - Zeal_LLC
6.European Empire Strikes Back Against Greek Debt Fantasy, Counting Down to GREXIT - Nadeem_Walayat
7.Gold And Silver – Three Choices: Sell, Hold, Hold and Add. A Trading Treatise - Michael_Noonan
8.Gold and Silver Price Headed for Breakdown - Jordan_Roy_Byrne
9.Greece Crisis OXI - Raul_I_Meijer
10.Flatline Investing and Dead End Debt Schemes - Doug_Wakefield
Last 5 days
China Stocks - This Is What a Bubble Looks Like - 30th June 15
Stocks Plunge on Greece Euro-Zone Financial Armageddon Blackmail - 30th June 15
Greece Crisis Shows Importance of Gold as Europeans Buy Coins and Bars - 30th June 15
Stock Investors Express Route to Profits in the Healthcare Sector - 30th June 15
Beyond the Greek Impasse - 30th June 15
Gold GDXJ : Impulse Move Pending - 30th June 15
Fed Interest Rate Increase Could Be Best Thing to Happen to Gold - 30th June 15
Marc Faber - Greece is Basically Bankrupt - 30th June 15
Greece - Shoot the Dog and Sell the Farm - 29th June 15
Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy - 29th June 15
The New "Sharing Economy" May Not Be the Profit Bonanza Everyone's Expecting - 29th June 15
Gold and Silver Greece and Short Positions - 29th June 15
Volatility and Sleep-Walking Markets - 29th June 15
Greece BANKRUPT! Financial and Economic Collapse to Follow IMF Debt Default - 29th June 15
Stock Market More Decline Ahead? - 29th June 15
China Stock Market Crackup - The Final Trap Looms... - 29th June 15
Greece Banking System Collapse Monday as ECB Pulls the Plug, Capital Controls Ahead of GrExit - 28th June 15
Investor Stock Play for Two Growing Missile Threats - 28th June 15
Stock Market Uptrend/downtrend Inflection Point - 27th June 15
Greece Crisis OXI - 27th June 15
Gold And Silver – Three Choices: Sell, Hold, Hold and Add. A Trading Treatise - 27th June 15
It’s Time to Change the Way You Look at Disney Forever - 27th June 15
Flatline Investing and Dead End Debt Schemes - 27th June 15
Stock Market Investors Avoid the "Herd" Like the Plague - 26th June 15
Extreme Gold/Silver Shorting - 26th June 15
USD Daily, Weekly, Monthly & Conclusions - 26th June 15
Gold Price Target of USD 2,300 - 26th June 15
Gold and Silver - Another Successful Option Expiration For the Insiders - 26th June 15
Why Buffett Bet A Billion On Solar Energy - 26th June 15
Fed Taper Talk, And The $10 Bill - 25th June 15
When a Bond Is Not a Bond - 25th June 15
Nature Rebounds - Trends in America Portend a Global Restoration of Nature - 25th June 15
Stocks That Profit... Even When You're Dead Wrong - 25th June 15
When Will US Debt Hit the Wall? - 25th June 15
Ron Paul Warns “They Can’t Print Money Forever” - 25th June 15
In Gold We Trust 2015: Gold Remains In A Secular Bull Market - 25th June 15
European Empire Strikes Back Against Greek Debt Fantasy, Counting Down to GREXIT - 25th June 15

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

China Stocks - Where are they going?

U.S. Housing Market Mortgage Rates Maintain Slow Decline Trend

Housing-Market / US Housing Sep 17, 2012 - 07:59 AM GMT

By: Submissions

Housing-Market

Brent Wayne writes: Housing mortgage rates in September 2012 continue to maintain the slow decrease in rate amounts, maintain the historically low levels not seen for 60 years. Rates for a 30-year single detached house mortgage are being offered at an average 3.79 percent as of September 6, 2012. This low rate has held since May . Some loans are seeing 0.4 points added, but those with good credit are being offered the average rate without any major conditions.


The low lending levels have for a year now been seen as ending soon, whenever the Federal Reserve decides to starting raising the cost institutional borrowing. However, the Feds have continued their policy through 2012 so far of keeping liquidity in the U.S. economy. Further, no one in the banking side wants to be responsible for dampening what’s left of the housing market and one of the core areas that keeps lending going. As a result, the rates continue to stay low for now.

That said, the amount of people eligible for the low rate home loans , however, are limited. Lenders continue to scrutinize and filter applicants, weeding out many who would like to borrow but are considered too much risk for tighter lending rules and credit scores . Additionally, many homeowners who want to refinance are underwater and lenders won’t touch a property that needs a loan more than 100 percent of the property’s value.

Another factor people are wondering will affect mortgage rates in the near future  is the upcoming presidential election . However, there is no direct connection. Much of the feeling is pure conjecture. There is a general sentiment every election that if a Republican is voted in, a pro-business environment will ensue, and lenders will see more business with less regulation. That’s likely to make the borrowing environment boost, which the Federal Reserve might then dampen by raising rates to slow down inflation and keep growth controlled. On the other hand, if a Democrat is voted it, in the case the incumbent, then it will be more of the same, which will likely keep immediate rates the same. Again, this sort of prediction is pure speculation without any science behind it.

For the time being though, at least through the rest of 2012, rates will very much be staying at their low levels. So anyone who has the ability to successful purchase a home or refinance should take advantage of the opportunity.

Authors Bio:
Brent Wayne is a 23 years old housing and finance writer. He mostly spends his time writing blog posts and editorials or do web content writing for MortgageLoan.com On his free time he likes  to play Xbox 360 and enjoys reading books and hanging out with his friends. You could reach him at brent.wayne@yahoo.com.

© 2012 Copyright Brent Wayne - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2015 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Biggest Debt Bomb in History