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news updated: 04/15/2008 |
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Mortgage News & Trends |
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The balance between the supply and the demand in the real estate market is relatively inflexible. While the swings are emphasized from one extreme to the other, the markets in the recent years have been experiencing slow waves. Now, the market is in a "buy low" trend. Still, are there people buying? |
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The sub prime market is sending a series of ripples to the economy. Starting with a slight surprise in sub prime default figures and credit crunching, it has now taken the national economy in a state of decreasing consumer confidence. However, the worst is yet to come. |
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The Bush administration is working with major US financial organizations to come out with a plan to temporarily freeze interest rates on the troubled sub prime mortgage market. If enacted, the plan might provide a temporarily relief to both the troubled US mortgage sector and homeowners facing foreclosures. |
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