Heroic Investing

housing crisis

Why Are Mortgage Rates So Low?

Why Are Mortgage Rates So Low?

It’s no secret that for much of 2012 interest rates for 15 and 30-year fixed rate mortgages have been running at or near record lows. The same is true for other kinds of mortgage products including introductory rates for adjusted rate mortgages, or ARMs. These rates come in the midst of a modest housing...

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Federal Mortgage Buyup: Impact on Investors

Federal Mortgage Buyup: Impact on Investors

According to numerous reports, the US housing industry appears to be recovering. Housing prices in most markets have leveled off and new construction is on the upswing. But the mortgage market continues to fluctuate, as the US Federal Reserve embarks on a program to buy up mortgage based securities,...

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