Month: October 2009

30-year Mortgage Rate Above 5%; Will First-Time Homebuyers Credit Extension Generate More Buyers?

30-year mortgage rates have risen to just above 5%, which is still a low amount, but over the past weeks new mortgage applications have been fewer in number. However, with the recent extension of the first-time homebuyer tax credit could…

EDITORIAL: Economic Recovery, Unstable Stock Market, Increasing Unemployment, Worried Consumers, and Self-Fulfilling Prophecy

The state of the economy, stock market, job market, and various other aspects of our economy differ in their status from day to day. If you watch or read the news online on any particular day you will find either…

Reports On Unemployment For 2009 and Early 2010 Look Positive

With unemployment close to 10% many feel the economy’s slow recovery is nothing compared to the slow crawl of the job market recovery. However, a recent report from National Association for Business Economics claims the job market is looking up…

Default On Commercial Real Estate Mortgages Likely; Will This Halt Economic Recovery?

Commercial real estate mortgages may be the next economic problem to overcome. Many lenders for commercial real estate property fear commercial property owners will default on their mortgages due to short terms on most commercial property mortgages coupled with the…