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Saturday, April 19, 2014

Ukraine Conflict Good for Interest Rates


Shared by Michael Rutta, Kobogen-Dusseldorf on Photo Tour Global Directory
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Interest rates are inversly tied to bond prices.  As the conflict in Ukraine waxes and wanes, so do the mortgage interest rates.  Bonds are seen to be more secure than stocks, so when war is a possibility, bond prices rise and interest rates decline.
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Real Estate is one career that does not require a  4 year college education.  http://www.artofmanliness.com/2014/04/17/is-college-for-everyone-10-alternatives-to-the-traditional-4-year-college/
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Shared by Steven Krohn, Prague Czech Republic

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Nat'l Real Estate Post:
Higher FHA mortgage interest is being used to fund tax cuts.  This is happening at the expense of low and middle income buyers.
http://thenationalrealestatepost.com/the-dirty-truth-behind-fha-mi-hikes
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10 Best Cities for Raising the Family
1.  Grand Rapids, MI
2.  Boise, ID
3.  Provo, UT
4.  Youngstown, OH
5.  Raleigh, NC
6.  Poughkeepsie, NY
7.  Omaha, NE
8.  Ogden, UT
9.  Cincinnati, OH
10.  Worcester, MA
http://www.forbes.com/pictures/eddf45gihi/best-cities-for-raising-a-family/
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Shared by Xalima Miriel, Stone Upon Stone

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Slow growth dominated the first quarter, but Fannie Mae’s Economic & Strategic Research Group believes the economy is expected to gain momentum in the second quarter amid an increase in government spending and diminishing drag from a slowdown in inventory stockpiling. Trey Garrison in HousingWire http://www.housingwire.com/articles/29735-full-speed-ahead-as-fannie-mae-stands-by-optimistic-forecast
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As of late, there's been huge buzz about the Consumer Financial Protection Bureau and the Federal Housing Finance Agency putting together a massive National Mortgage Database.
This is the new business paradigm.
It is also available to and is being used by the CFPB.  David Moffat and Rebecca Walzak in HousingWire http://www.housingwire.com/blogs/1-rewired/post/29743-heres-why-the-cfpb-and-fhfa-need-your-personal-info
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Shared by Neil Howard,
Burhou from Tourgis
The island of Burhou seen from From Tourgis on Alderney. Burhou has an important puffin colony with LIVE webcams to watch http://burhou.livingislands.co.uk/
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Gallup said rising house prices are just one reason why Americans are putting their bucks back into houses. In 2002, during the real estate boom that came ahead of the mortgage crisis and before gold was offered as an option, half of Americans polled gave real estate the best-investment nod. Sales trends for new homes are at historically low levels, while prices have run up more than 13% over the past year. Trey Garrison in HousingWire http://www.housingwire.com/articles/29741-gallup-most-investors-see-real-estate-as-best-long-term-bet
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Nat'l Real Estate Post:
....on the agenda is this whole matter of the government not being able to agree on what Fannie and Freddie has made, or cost, the American people. On the one side their saying it’s come at a cost of $19 billion. On the other side it’s come at a profit of $181 billion. Only our American Government can come up with this stuff while keeping a straight face. It’s math man. 
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Shared by Gurna Varna, Sun. Paul's Lutheran Church in Riga, Latvian.
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Wage inflation could soon surge in the United States because short-term unemployment is almost back at normal levels, and that could present the Federal Reserve with a fresh dilemma, according to the Financial Times.

That’s because if wage hikes do gain momentum, it could undercut the Fed’s key hope of keeping interest rates low at least until 2015. John Morgan in Money News
http://www.moneynews.com/Personal-Finance/Financial-Times-Wage-Inflation-Economy/
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A New Regulator: Washington loves a bureaucracy, and the proposed Federal Mortgage Insurance Corp. would provide one. Wait, wouldn't it replace the current regulator, the Federal Housing Finance Agency? No, the FHFA would continue as an autonomous unit inside the FMIC. My verdict? Bureaucracy bloat.
Industry analyst David Lykken, managing partner of Mortgage Banking Solutions in Austin, Texas, agrees with me. "It's another layer of bureaucracy. People will have to build [the cost of new bureaucracy] into their [home] price." Mark Fogarty in National Mortgage News
http://www.nationalmortgagenews.com/blogs/hearing/johnson-crapo-imperfect-resolution-to-an-interminable-situation
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Shared by M. Freidrich, Belgien
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Rising home prices have outpaced wage growth, putting ownership out of reach for some Americans. Mortgage rates, while still near historic lows, have been rising and harsh winter weather in January and February probably prevented would-be new owners from venturing out to look for real estate.
The median price of an existing home climbed 7.9% from March 2013 to $198,500, today's report showed.
The average rate on a 30-year, fixed mortgage fell to a six-week low of 4.34% in the week ended April 17. A year ago, the rate averaged 3.41%, according to Freddie Mac.
Bloomberg News http://www.nationalmortgagenews.com/news/origination/sales-of-existing-homes-fall-for-third-straight-month
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APR 21, 2014
Risky Business

GSE Reform Bill Falls Short of Assuring Small Lenders Survive

http://www.nationalmortgagenews.com/blogs/risky/gse-reform-bill-falls-short-of-assuring-small-lenders-survive
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Shared by Dieter Birr, Karlsruhe
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Despite the anemic housing market start so far in 2014, housing metrics should improve later this year, according to Fitch Ratings’ Chalk Line report. Trey Garrison in HousingWire
http://www.housingwire.com/articles/29749-fitch-7-factors-that-will-shape-the-housing-market-in-2014
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Shared by Werner Polwein, Neuer Zollhof, Düsseldorf, von Frank Owen Gehry
 
 

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