Comments on: Scraping Pavement: Mortgage Rates Hit New Lows http://www.mint.com/blog/goals/scraping-pavement-mortgage-rates-hit-new-lows/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: John http://www.mint.com/blog/goals/scraping-pavement-mortgage-rates-hit-new-lows/comment-page-1/#comment-42654 John Wed, 02 Dec 2009 22:59:42 +0000 http://www.mint.com/blog/?p=7274#comment-42654 Interest rates falling in the USA and yet in Australia we have had our 3rd rate rise in 3 months. *wonders how to get a loan in the USA for my Australian house ;) Interest rates falling in the USA and yet in Australia we have had our 3rd rate rise in 3 months.
*wonders how to get a loan in the USA for my Australian house ;) ]]> By: Minority Fortune http://www.mint.com/blog/goals/scraping-pavement-mortgage-rates-hit-new-lows/comment-page-1/#comment-42596 Minority Fortune Tue, 01 Dec 2009 23:10:39 +0000 http://www.mint.com/blog/?p=7274#comment-42596 The news of the lower mortgage rate is bitter sweet because the falling rates indicate the state of the economy. However, it's a good deal for those looking to purchase a home, especially when coupled with the first-time homebuyer's tax advantage. However, this news shouldn't inspire people to go looking for real estate that they can't afford nor motivate real estate agents to entice clients into buying something that they can't afford. There's still much speculation that the real estate market will stand to fall further due to impending mortgage defaults still to come. With that said, it pays to be savvy on what you're buying and avoid hype to buy things that you don't need. The news of the lower mortgage rate is bitter sweet because the falling rates indicate the state of the economy. However, it’s a good deal for those looking to purchase a home, especially when coupled with the first-time homebuyer’s tax advantage.

However, this news shouldn’t inspire people to go looking for real estate that they can’t afford nor motivate real estate agents to entice clients into buying something that they can’t afford. There’s still much speculation that the real estate market will stand to fall further due to impending mortgage defaults still to come. With that said, it pays to be savvy on what you’re buying and avoid hype to buy things that you don’t need.

]]> By: David http://www.mint.com/blog/goals/scraping-pavement-mortgage-rates-hit-new-lows/comment-page-1/#comment-42587 David Tue, 01 Dec 2009 15:33:11 +0000 http://www.mint.com/blog/?p=7274#comment-42587 Interesting article ;) Interesting article ;) ]]> By: John http://www.mint.com/blog/goals/scraping-pavement-mortgage-rates-hit-new-lows/comment-page-1/#comment-42580 John Tue, 01 Dec 2009 02:54:16 +0000 http://www.mint.com/blog/?p=7274#comment-42580 Perfect credit score, perfect payment record, but DTI is too high. Chase made the loan in the first place, they won't modify to an officially acceptable DTI nor will they refinance so DTI will be lower. Maybe when rates get to 0% I will qualify. Perfect credit score, perfect payment record, but DTI is too high. Chase made the loan in the first place, they won’t modify to an officially acceptable DTI nor will they refinance so DTI will be lower.

Maybe when rates get to 0% I will qualify.

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