Despite continuing low mortgage rates, one prominent Detroit bankruptcy attorney says ARMs remain a looming danger and should be avoided.

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Back to The Buying Power of Low Rates

Interest rates are at historic lows. We hear this in the news everyday, but what does it really mean?

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Making sense of the Financial Regulations Bill for Buyers

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Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth

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The Fed reiterated its expectation that the benchmark fed
funds rate would remain “exceptionally low,” as it has since
December 2008, for “an extended period,” despite growing
concerns among policy makers that the stance was too
constraining.

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Real estate has been a minefield the last three plus years as the gory remains of the real estate bubble bursting came home to roost. The federal government has done all it can to try to stabilize the market, and it seems to have worked. Those stabilizing efforts are in the process of ending and now we wait to see what will happen with the housing market.

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Image via Wikipedia U.S. home loan rates could rise by as much as three-quarters of a percentage point in the spring as the Federal Reserve ends its mortgage bonds purchase program, a top Fed policymaker said in an interview published on Saturday. “You maybe would have thought you would have seen rates move up more [...]

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The median home price of an existing, single-family home rose 5.8 percent in November compared with a year ago, the first time the median home price has increased in year-to-year comparisons since August 2007.

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