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foreclosures: Does this Federal Bail-Out plan affect foreclosures? - 10/03/08 05:12 PM
Does this Federal Bail-Out plan affect the number of foreclosures on the market? Is the plan going to help homeowners? Is this plan good for America?
From what I can see now, there are going to be some provisions in the bill that will help homeowners stay in their homes. Bankruptcy court judges will be able to adjust the interest rates for adjustable rate mortgages ensuring that the homeowner can pay the mortgage and subsequently prevent foreclosure.There will be another benefit from this bill and that is that the LIBOR will most likely go down in the next foreseeable future. About 50% … (2 comments)
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foreclosures: Does the Fed rate cut impact foreclosures? - 01/22/08 10:25 PM
Interest rates are going down, that should surely affect mortgage rates and therefore foreclosures, right? Not so fast.
The Federal Reserve interest rate cut by ¾ of a percentage point today means that short term interest are lowered. The effect on long term interest rates is not quite clear yet. Fixed mortgage rates are tied to the long-term bond yield that move up or down based on the long term economic outlook and inflation. I think we all know that long term, our economy does not look that optimistic.
Of course, this rate cut will have an effect on credit … (0 comments)
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