http://www.geldpress.com/2009/05/mortgage-rates-jump-30-percent/ Finance, Stock Options, Politics, Economics, Stock Market News, and Technology. Sat, 26 Nov 2011 11:21:27 +0000 hourly 1 http://wordpress.org/?v=3.0.4 http://www.geldpress.com/2009/05/mortgage-rates-jump-30-percent/comment-page-1/#comment-943 April Case Shiller Shows Continued Housing Price Drops | Geldpress Tue, 30 Jun 2009 17:32:13 +0000 http://www.geldpress.com/?p=698#comment-943 [...] The April Case Shiller index values have been released and the results show continued price drops in most cities forecasted.  In a strange twist, however, prices appear to be levelling off in several of the forecasted cities.  Potential buyers should beware of false hopes for a bottom as this may just be a mirage before the continued storm of relentless price drops.  Don’t forget that interest rates were artificially deflated for a few months due to the Fed’s intervention in the markets.  The artifically low 4.5% 30 year mortgage rates were short lived, and jumped almost 30 percent in a single day at the end of May. [...] [...] The April Case Shiller index values have been released and the results show continued price drops in most cities forecasted.  In a strange twist, however, prices appear to be levelling off in several of the forecasted cities.  Potential buyers should beware of false hopes for a bottom as this may just be a mirage before the continued storm of relentless price drops.  Don’t forget that interest rates were artificially deflated for a few months due to the Fed’s intervention in the markets.  The artifically low 4.5% 30 year mortgage rates were short lived, and jumped almost 30 percent in a single day at the end of May. [...]

]]>