what the fuxk...mortgage is over 8% 10 years ago? even now 4.15% is much higher than Canada - 未名空间MITBBS历史存档

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what the fuxk...mortgage is over 8% 10 years ago? even now 4.15% is much higher than Canada

what the fuxk...mortgage is over 8% 10 years ago? even now 4.15% is much higher than Canada# Stock

k*n2011-08-18 07:08

1 楼

WASHINGTON (AP) -- The average rate on a 30-year fixed mortgage has fallen
to its lowest level on records dating to 1971.
The rate on the most popular mortgage dipped to 4.15 percent from 4.32
percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17
percent was reached in November.
The last time long-term rates were lower was in the 1950s, when 30-year
loans weren't widely available. Most long-term home loans lasted 20 or 25
years.
Few expect record-low rates to energize the depressed home market. Over the
past year, the average rate on the 30-year fixed mortgage has been below 5
percent for all but two weeks. Yet prices and sales remain unhealthy and are
holding back the overall economy.
Five years ago, the average 30-year fixed rate was near 6.5 percent. In 2000
, it exceeded 8 percent.

k*l2011-08-18 07:08

2 楼

I knew some people had mortgage with 14% interest rate around 1980s

m*02011-08-18 07:08

3 楼

only if you know what the return rate for home price around 2000.
it was definitely over 10% from 2000 to 2006.
2010 Aug -> 2011 Aug? -5% for SPCS20

fallen
4.17
year
25
Over
the
below 5

【在 k********n 的大作中提到】

: WASHINGTON (AP) -- The average rate on a 30-year fixed mortgage has fallen
: to its lowest level on records dating to 1971.
: The rate on the most popular mortgage dipped to 4.15 percent from 4.32
: percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17
: percent was reached in November.
: The last time long-term rates were lower was in the 1950s, when 30-year
: loans weren't widely available. Most long-term home loans lasted 20 or 25
: years.
: Few expect record-low rates to energize the depressed home market. Over the
: past year, the average rate on the 30-year fixed mortgage has been below 5

k*a2011-08-18 07:08

4 楼

not too many ppl took mortgage back at that time, at least only small
portion of the house, most of them could pay CASH at that time, cuz the
house is very cheap.

the

【在 k********n 的大作中提到】

S*s2011-08-18 07:08

5 楼

how much is canada?

k*n2011-08-18 07:08

6 楼

5 years flexible 2.25%, fixed 3.75%
if you can pay off the house within 3-5 years, you just pay 2.25% more or
less...

s*i2011-08-18 07:08

7 楼

can anybody explain the mortgage rate? what does it mean 4% for 30 years.
any inflation will make banks have negative yield. or banks are sure that it
won't have any inflation? it is kind of stupid idea to keep mortgage or
keep interest rate so low. Banks don't make money even they want to make
loans because the low interest rate cannot justify the risk.

e*s2011-08-18 07:08

8 楼

because FED is lending them with 0%.

it

【在 s********i 的大作中提到】

: can anybody explain the mortgage rate? what does it mean 4% for 30 years.
: any inflation will make banks have negative yield. or banks are sure that it
: won't have any inflation? it is kind of stupid idea to keep mortgage or
: keep interest rate so low. Banks don't make money even they want to make
: loans because the low interest rate cannot justify the risk.

o*o2011-08-18 07:08

9 楼

The average life of amortgage is probably 7~8 yr. Can be much shorter on
waves of refinance. All valuation is relative to then long term investments,
for example treasury, as we have seen 2% today... besides most banks don't
hold mortgages in their portfolio. Don't worry. Banks know how to take care
of themselves.

it
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【在 s********i 的大作中提到】