While the press is still reporting doom and gloom, I’m happy to report some optimistic news. Preliminary results from the COVID-19 treatment study being done in New York City pertaining to the …
The Mortgage Crisis and the Fed’s Unintended Consequences
(The following is a summary of a much longer article published on March 26, 2020 by Barry Habib, President of MBS Highway.) The COVID-19 Crisis has been wreaking havoc with the economy and society …
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Follow-Up Market Update. The Turmoil Continues…
It’s been an anxious week for America (in fact, the world!). Adding to this anxiety, the financial markets – especially the Mortgage-Backed Securities – have continued their roller coaster ride with …
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URGENT MARKET UPDATE FOR ALL MORTGAGE BORROWERS:
With the travel ban, suspensions and cancelations of sporting events, school closings, and more, the Covid-19 virus is causing widespread panic. After about two weeks of market volatility and …
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Negative Mortgage Rates? Could the U.S. Be Far Behind?
Jyskye Bank, Denmark’s third largest bank, recently became the first lender on earth to offer a mortgage with a negative mortgage rate. Jyskye Bank is offering borrowers a 10-year mortgage at -0.5%. …
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A Mortgage with No Appraisal Needed? That’s a Home Run!
The low to mid-priced housing market today is on fire. There are many more buyers than sellers. The limited housing inventory has resulted in bidding wars that are driving up prices. In many areas, …
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