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 USA Mortgage interest rates are low |
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bgyz2008
[博客]
加入时间: 2009/10/10
文章: 15
海归分: -521
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作者：bgyz2008 在 海归茶馆 发贴, 来自【海归网】 http://www.haiguinet.com
USA Mortgage interest rates are low
With mortgage rates up 0.35% in the near future, the four major banks in this quarter write-down of 26% of the mortgage servicing rights (Mortgage Servicing Rights, MRS). According to real estate finance company Freddie Mac (Freddie Mac) the data show that in the third quarter, mortgage rates fell by 0.26%,Home Mortgage which makes the bank significantly increased the cost of services, so a total of 5.9 trillion held by four largest banks in mortgage lending have to make asset write-down choice.
According to trade publication Inside Mortgage Finance data provided by the United States, Chase Mortgage Refinancing these four banks held the market share of these contracts on the proportion reached 56%. Service providers (such as banks and other financial institutions) from the borrower, where the gains and then distributed to its investors, lenders, or after, the remaining amount has been very limited. In addition they have to maintain records of the borrowerMortgage Rates information, management of those "conditional transfer of account" (Escrow Accounts), as well as breach of contract to track customers, this way, the costs borne by service providers is enormous.
Mortgage interest rates are low and repayment capacity is increased, and the federal government to provide first-time home buyers tax breaks 8,000 U.S. dollars, have laid the foundation for the property market is stabilizing. Common Mortgage Lending Practices But the tax cuts expire on November 30, while most of the houses sold because the bank fails to repay the mortgage to recover property, so the recent activities of warming may be accompanied by long-term prospects uncertain.
Citigroup and Goldman Sachs will be next Thursday announced third-quarter earnings report. Next two days, mortgage loan options major financial institutions are particularly concerned about the performance, if the corporate earnings, particularly the financial sector earnings better than expected, lay the next 3 months the stock market rally tone, then the dollar will continue to carry trades, the dollar will continue the medium-term downtrend .
U.S. dollar index remained low at the top of a 14-month low of finishing, the trend to remain subdued, good performance in the third quarter by companies to promote stocks opened higher, risk appetite and weighing on the dollar remaining high, the United States refers to the latest report 75.46. Mortgage Payment With a Mortgage CalculatorShort-term refers to the United States, or slightly further test a low risk, particularly in the United States before the end of the third quarter, the company earnings and the world in the third quarter macro data show more signs of recovery, the U.S. dollar downside risks are relatively large, but the decline or slowdown, is expected to refer to the United States 74-75 region has some support.
作者：bgyz2008 在 海归茶馆 发贴, 来自【海归网】 http://www.haiguinet.com
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 USA Mortgage interest rates are low -- bgyz2008 - (2917 Byte) 2009-10-20 周二, 18:52 (1512 reads)
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