June 30th, 2006 by jhampton
The Fed Chairman raised the interest rate yesterday 1/4 point and the discount rates as well. This means you will see higher interest rates when you take out a loan to buy any property.
However, there is good news. The Fed Chairman hinted that while further rate increases may be imminent, they may not come [...]
Relevant Tags: housing, real estate, real estate investing, rental property
May 29th, 2006 by jhampton
Subprime lenders charge minority borrowers more, regardless of credit score. One study has just released findings that may just shake the lending industry to it’s core.
With no way to explain themselves, lenders have been caught giving higher prices to minorities. In fact, when comparing applicants with very similar credit histories, apples to apples, give [...]
Relevant Tags: fair housing, housing, lenders, real estate industry, real estate lending, real estate taxes, subprime lending