11–20 of 105 posts
Earlier quoted context omitted.
And no prepayment penalties, which means that if interest rates go down, you can refinance.
How does this work in the American economy? Why does anyone buy RMBS at such low yields for 30 years with the capital risk that the money could come back to you if rates move against you?
I'm constantly reminded to be thankful to be a homeowner in America. Most other countries don't even have fixed-rate mortgages and many of my international friends are facing massive unexpected jumps in their monthly housing costs.
Here in America we face our massive unexpected jumps in the form of medical bills.
I'm constantly reminded to be thankful to be a homeowner in America. Most other countries don't even have fixed-rate mortgages and many of my international friends are facing massive unexpected jumps in their monthly housing costs.
Earlier quoted context omitted.
And no prepayment penalties, which means that if interest rates go down, you can refinance.
How does this work in the American economy? Why does anyone buy RMBS at such low yields for 30 years with the capital risk that the money could come back to you if rates move against you?
This is one of a few areas where having an MBA is actually useful. Interest rate risk and how things behave when interest rates are going up are good to know.
“Real estate CEOs must `learn to live’ with lower sales, say resistant buyers”. The amount I can pay each month hasn’t changed drastically. If interest payments to my credit union go up, then the principal payments I can make to a seller have go down. The price I can pay is less than it was a couple of years ago. That means your commissions will be dropping, too, Mr. Liniger. You’ll just have to live with it.
1.8 million people over the age of 55 die every year in the US, and there are about 650k divorces every year. These are potential price discovery opportunities in the real estate market. (Excuse the morbidity)
I'm constantly reminded to be thankful to be a homeowner in America. Most other countries don't even have fixed-rate mortgages and many of my international friends are facing massive unexpected jumps in their monthly housing costs.
I'm constantly reminded to be thankful to be a homeowner in America. Most other countries don't even have fixed-rate mortgages and many of my international friends are facing massive unexpected jumps in their monthly housing costs.
In most countries buying a house doesn’t involve taking out loans that take 30 years to pay off in the first place.