Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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3 reasons right now is the best time to buy a home

The advantage is on the buyer side

young buyer
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There has never been a better time to buy a home this year.

And yet despite three major advantages for homebuyers, sales so far have been slow.

Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending over backwards for applicants.

More people want to be homeowners, even younger buyers. A recent Fannie Mae survey of younger renters and buyers finds that though most younger renters prefer owning, many of them may stay renters longer due to insufficient financial capability and/or preparation. They don't want to be renters – 90% would prefer to be homeowners.

Additionally, according to the latest quarterly report from the Federal Housing Finance Agency, both Fannie Mae and Freddie Mac are reducing the money set aside to cushion any blow to their business, making it fair to say this is the result of the government-sponsored enterprises betting on a continued housing recovery.

There are three reasons this may be the best time to buy a home. (Click the next page below to see the list)

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