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Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn). 

“There has been nothing like this in the USA since the 1930s,” he said. “The rapid destruction of money balances is madness.” 

The M3 “broad” money supply, watched as an early warning signal for the economy a year or so late (more…)

Mortgage Rates Remain Near Historic Lows

A smattering of mortgage-related headlines from the previous week tell complete different stories: Visit Here Now http://mortgage-loan-broker.blogspot.com

(more…)

Mortgage rates are the interest rates at which banks borrow money to buy their clients, houses and plots of land. You determine this ratio by the speed with which they are able to lend money to base – mainly from the Reserve Bank. This phrase is often cited as the repo rate.

Although with the latest credit crisis, you might think that mortgages vary, which are a bad th (more…)

Mortgage Rates Trend Downward as a Result of External Factors

Over the last couple months, mortgage rates have beaten a steady decline, Visit Here Now http://mortgage-loan-broker.blogspot.com

d (more…)