04.25.12 Tuesday Talk Who is Buying our Mortgage?

by qinfovio 1. May 2012 14:46
The latest update at CNN.com concerning our real estate market, "home prices lowest since 2002
and it keeps dropping."
 
Buyers that plan to have a financing on purchasing their home should make a move now and up to the election time.
(and plan to keep it for a while)
 
I will expect our lending/financing to get back as it was at one time. It will be moving to a higher down payment.
Loan will be coming from Banks at market rate. I will expect FHA to readjust their loan limit within the next 3 years
and I will expect tight restriction. 
 
I have a link from an old article from 2009 that show who buy all these loan since the financial crisis that follow
 
The federal reserve buys all the mortgage that has been provided since 2009 to keep our economy moving and is able
to keep interest rate low. We have over 40% of our Country debt that are short terms.
 
The federal reserve has been printing a lot of money to buy all these loans and at the same time
controlling the interest rate.
 
Rates are usually set above inflation and by banks not by the Federal Reserve. Once the lending power is changing
hands, rate will be reset at market rate and our economy will start his recovery.
 
We will learn for the future generation to keep our government out of the lending business and let the economy goes up and down.
 
You have to adjust the course just as running a marathon.
 
Thanks and I will see you next week.

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Comments (2) -

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