Comments on: Mortgage Rates Up, Mortgage Requests Down http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/ New Homes blog with information about new homes and home builders Mon, 06 Feb 2012 03:55:28 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jim@Garage Doors Prices http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49859 Jim@Garage Doors Prices Tue, 26 Jan 2010 08:57:33 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49859 In the UK, my mortgage rate has just gone up to 4.9% when the base rate is 0.5!!! .-= Jim@Garage Doors Prices´s last blog ..<a href="http://garagedoorsprices.net/garage-door-safety/" rel="nofollow">Garage Door Safety</a> =-. In the UK, my mortgage rate has just gone up to 4.9% when the base rate is 0.5!!!
.-= Jim@Garage Doors Prices´s last blog ..Garage Door Safety =-.

]]> By: clarice http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49642 clarice Tue, 19 Jan 2010 09:40:14 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49642 More and more people are getting fired in Eastern Europe and they are trying to find jobs in other parts of Europe. As such, we have a lot of finished housing projects but with no buyers. The odd thing is that vendors don't want to drop the ridiculously high prices for apartment buildings. Just a 3 bedroom apartment is around 150.000 euros in Bucharest, Romania, when the same thing is only about 60.000 in Hamburg, Germany for example. I don't see how they are expecting to make any profit in this situation. More and more people are getting fired in Eastern Europe and they are trying to find jobs in other parts of Europe. As such, we have a lot of finished housing projects but with no buyers. The odd thing is that vendors don’t want to drop the ridiculously high prices for apartment buildings. Just a 3 bedroom apartment is around 150.000 euros in Bucharest, Romania, when the same thing is only about 60.000 in Hamburg, Germany for example.
I don’t see how they are expecting to make any profit in this situation.

]]> By: Moraira Property http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49628 Moraira Property Mon, 18 Jan 2010 21:29:33 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49628 Things are similarly difficult in Spain. The Spanish economy has an unemployment rate of approaching 20%. Mortgage rates are lower here but Spain is very dependent upon the property market. The Brits are not buying here as much as in the past. The euro is strong too – and this doesn't help. Despite this, we are seeing a small upturn in activity. We are grateful for that!! Things are similarly difficult in Spain. The Spanish economy has an unemployment rate of approaching 20%. Mortgage rates are lower here but Spain is very dependent upon the property market. The Brits are not buying here as much as in the past. The euro is strong too – and this doesn’t help. Despite this, we are seeing a small upturn in activity. We are grateful for that!!

]]> By: compare-mortgages http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49626 compare-mortgages Mon, 18 Jan 2010 21:14:14 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49626 As a homebuyer, I love these low interest rates, but it's got to be artificial. Why would a bank risk a loan default for such a small payback in interest? The Government is artificially holding the rates down, and that can't be good. No such thing as a free lunch. .-= compare-mortgages´s last blog ..<a href="http://billeater.com/tips/save-money-your-home-internet-business" rel="nofollow">Save money on your home internet business</a> =-. As a homebuyer, I love these low interest rates, but it’s got to be artificial. Why would a bank risk a loan default for such a small payback in interest? The Government is artificially holding the rates down, and that can’t be good. No such thing as a free lunch.
.-= compare-mortgages´s last blog ..Save money on your home internet business =-.

]]> By: Sundream Estate http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49562 Sundream Estate Sat, 16 Jan 2010 08:16:43 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49562 It doesn’t matter which tax credit, extra mortgage or energy efficiency incentive credit the Government create, the interest rate is not going down. So long the Government doesn’t get harder rules on the bank bonus system and the greedy banks salary, -then the interest rate going be high and also rise. It doesn’t matter which tax credit, extra mortgage or energy efficiency incentive credit the Government create, the interest rate is not going down. So long the Government doesn’t get harder rules on the bank bonus system and the greedy banks salary, -then the interest rate going be high and also rise.

]]> By: Matt@Atlanta GA Real Estate http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49549 Matt@Atlanta GA Real Estate Fri, 15 Jan 2010 20:15:39 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49549 If people are not buying homes because interest rates are up to 5.18% then we have some big problems! A lot of people are going to lose out on some great deals. .-= Matt@Atlanta GA Real Estate´s last blog ..<a href="http://www.thinklouise.com/blog/act-now-if-you-are-a-fha-buyer.html" rel="nofollow">Act NOW if you are a FHA Buyer!!</a> =-. If people are not buying homes because interest rates are up to 5.18% then we have some big problems! A lot of people are going to lose out on some great deals.
.-= Matt@Atlanta GA Real Estate´s last blog ..Act NOW if you are a FHA Buyer!! =-.

]]> By: NewHomesGuy http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49528 NewHomesGuy Fri, 15 Jan 2010 04:07:02 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49528 Very insightful Greg thanks for stopping by! Hope to see you back! Very insightful Greg thanks for stopping by! Hope to see you back!

]]> By: greg@LoanModificationHelp http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49525 greg@LoanModificationHelp Fri, 15 Jan 2010 01:20:15 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49525 There are several factors that unfortunately point to a market that will become further depressed. 1. amount of loan modifications that are still be negotiated. Once the home owner is forced to accept and commit they will have to start making mortgage payments again. This will cause massive defaults. 2. Unemployment still has not gotten better. 3. Trial modifications are now coming due and with unemployment at the rate it is it is likely most will not qualify for their permanent modification. 4. A huge amount of adjustable rate loans are due to adjust this year. I hate to be the bearer of bad news but I do not think we have seen the bottom. There are several factors that unfortunately point to a market that will become further depressed.
1. amount of loan modifications that are still be negotiated. Once the home owner is forced to accept and commit they will have to start making mortgage payments again. This will cause massive defaults.
2. Unemployment still has not gotten better.
3. Trial modifications are now coming due and with unemployment at the rate it is it is likely most will not qualify for their permanent modification.
4. A huge amount of adjustable rate loans are due to adjust this year.

I hate to be the bearer of bad news but I do not think we have seen the bottom.

]]> By: NewHomesGuy http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49517 NewHomesGuy Thu, 14 Jan 2010 20:28:51 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49517 @ Sam - Hey Sam hope you had a great Christmas and New Years! It is great to hear from you again! @ Sam – Hey Sam hope you had a great Christmas and New Years! It is great to hear from you again!

]]> By: NewHomesGuy http://www.newhomessection.com/blog/mortgage-rates-up-mortgage-requests-down/2010/01/13/comment-page-1/#comment-49515 NewHomesGuy Thu, 14 Jan 2010 20:16:38 +0000 http://www.newhomessection.com/blog/?p=5455#comment-49515 @ Lisa - I completely agree. Now is the best time to buy because both the prices and interest rates will rise. It is great hearing from you and I hope you come back soon! @ Lisa – I completely agree. Now is the best time to buy because both the prices and interest rates will rise. It is great hearing from you and I hope you come back soon!

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