Interest Rates Are Low Maybe Too Low

Dated: 03/31/2016

Views: 477

Interest rates remain near historic lows—which is great if you’re a home buyer, but not so great for mortgage makers. After all, interest is profit for the lender.

“With lower rates, they’re making less money per loan. “The lenders’ costs have gone up, and their ability to make money continues to be limited by low interest rates.”

For example, rates were 3.8% for the average 30-year, fixed-rate mortgage last week, according to HSH.com, a publisher of mortgage information and statistics. In 2000, it was 8.08%. At the height of the bubble in 2007, it was 6.37%; in 2010, it was 5.08%.

Want to Advertise on this Site?

Latest Blog Posts

What Do Buyers Look For

Interested in buying a new home? It’s a good idea to be aware of what new homebuyers are looking for.  The following features are currently generating a lot of demand, which may

Read More

Bart Crow In Springfield

I'm not upset about the weekend I had.  It was the typical with some golf and good times as usual, but it was topped off by seeing one of my favorite artists.  Texas music legend himself,

Read More

Bass Pro Legends Of Golf Results

Kirk Triplett holed out from a bunker for birdie on the first playoff hole Sunday in the Bass Pro Shops Legends of Golf at Big Cedar Lodge to lift himself and partner Paul Broadhurst past Bernhard

Read More

Island Green Golf Club

If you live near the Republic area, then you've probably heard the news.  Island Green Golf Club is under new ownership!  There are some great changes coming to the course, and some great

Read More