Remove 2004 Remove Housing Market Remove Loan Officers Remove Marketing
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Opinion: Why we need a mortgage rate reset

Housing Wire

In the early ’80s, rates were above 18% for a fixed-rate loan. Most people paid those loans for 30 years, on time. Refinances were not marketed then like they are today, nor were they the norm for a homeowner. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan.

Mortgage 432
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Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. He simply didn’t have the extra stores of cash to outbid those who did. But the range goes even higher!

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article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. He simply didn’t have the extra stores of cash to outbid those who did. But the range goes even higher!

article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

After months of being outbid, he decided to wait and see if the housing market cools off a bit. in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. He simply didn’t have the extra stores of cash to outbid those who did.