With a flurry of heated, last minute negotiating in the early hours of the New Year, the warring houses of the US government struck a deal on the “fiscal cliff” of the budget crisis. While the compromise deal left major spending cuts in place and eliminated some...
Although mortgage interest remains at a record low and cheap homes remain on the market, a major shift is taking place in the US housing profile: more people are choosing to rent rather than buy dwellings. With rental occupancy rates soaring and rents rising in...
Government backed refinancing programs are being expanded for 2013, a move that’s expected to allow more mortgage holders to take advantage of low interest rates and more attractive terms. These new standards embrace a wider range of eligible loans and borrowers – and...
When the United States stopped backing dollars with gold in 1968, the nature of money changed, becoming the fiat currency system that has now put the world into an unprecedented recession. Jason Hartman is joined by returning guest, Richard Duncan, to talk about how...
The term “mortgage backed securities” may be far from a household word (or three), but the movement of these securities plays a large role in the up or down swing of mortgage interest rates. The Federal Reserve has been making headlines in housing news for the past...