Monthly Archives: May 2014
Student Loan Debt Preventing Homeownership, Hampering Economy
Speaking before an audience at the Boulder Summer Conference on Consumer Financial Decision Making, Consumer Financial Protection Bureau (CFPB) director Richard Cordray spoke on the effects of student loan debt on the future of the housing market. The oft-criticized director commented on the growing $1.2 trillion of student loan debt, and how student debt will […]
Post Tagged with 602-739-0095, borrowers, economy, home ownership, housing market, new households, repayment, student debt, young people
Read More Mortgage Rates Continue Downward Slide
Despite performing far better than anticipated, April jobs numbers weren’t enough to prop up fixed mortgage rates this week, market reports show. In its Primary Mortgage Market Survey, Freddie Mac clocked the 30-year fixed-rate mortgage (FRM) at an average 4.21 percent (0.6 point), down from 4.29 percent and the lowest level since late last year. A year ago, […]
Post Tagged with 602-739-0095, adjustable rates, fixed rates, income growth, low interest rates, mortgage rates, unemployment rate
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