Economists temper housing bubble worries

Although home prices are likely to continue to rise in the next few years, the national market is not in danger of a bubble, according to prominent economists. “Four of the next five years are likely to be improving years in the housing market. I don’t say five because there’s always the possibility of little …

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Avoid overcharges when refinancing

The process of deciding whether to refinance a mortgage in order to lower costs involves four steps:• Step one: Select the preferred type of new mortgage.• Step two: Find the best available price on that mortgage.• Step three: Determine whether the cost of the new mortgage will be lower than the cost of retaining the …

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Mistaking rebound for bubble

Mistaking rebound for bubble Source: OC Register, February 4th, 2013  Yes, we now hear pundits claiming the recent advances in home prices should be viewed with steep skepticism, as in the minds of these purported experts these price increases may already be overdone. I’m all for a healthy debate. But some of these comments feel …

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Four refinance myths debunked

Interest rates have been at historically low levels for some time now and some borrowers have refinanced two or three times, but there are others who so far have allowed the opportunity to pass them by. I am not referring to borrowers who can’t possibly meet today’s standards. They haven’t refinanced because they can’t. My …

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