Mortgage Rates Up when Key Rate Tanking

[sumdumguy]

Guess what, there’s a lot of risk premium required when basic homes are $375,000 and up.(And no jobs in site.)

[bucket]

Guess what, there’s a lot of risk premium required when basic homes are $375,000 and up.(And no jobs in site.)

Interesting....land has the ability to earn revenue without selling it....Homes do not...

Interest at FCC with the latest 5 billion funding should be 1.5 percent....

Considering that business is getting 40000 interest free and a 30000 repay amount. ...

Imagine if farmers could take out a 100000 cash advance and only have to pay back 75000

[Austrian Economics]

If the government mandates a mortgage holiday, who's going to lend you anything unless at an elevated rate of interest? In Britain, mortgage lenders are now asking for 40% down as a result of their mortgage holiday. A friend of mine just got laid off from a very well run house building company who has been extremely busy for years. Their business just hit a brick wall.