AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Deficit Is Bad News.
After three years of record refinancing, with interest rates repeatedly scraping up against four-decade lows, mortgage servicing professionals can be forgiven for breathing a sigh of relief as interest rates edge up this year. But in the long run, low interest rates promote housing affordability and mortgage lending activity. Without a smooth flow of funds into the housing finance industry, mortgage companies could find themselves starved for new business. Not to mention what a credit crunch could do for homeowners.
Why worry about such a remote possibility today? Because choices being made in our nation's capital today are likely to have an impact on the mortgage industry's business environment.
The Bush administration has proposed a 2005 budget that would push a one-year deficit of $521 billion, using the most optimistic of assumptions and failing to take into account the cost of military operations in Iraq and Afghanistan. That's a big chunk to add to our already substantial national debt.
The likely long-term ramifications of structural deficit spending by the U.S. government have been well documented in the mainstream press. But what is often neglected, are the near-term consequences. When the federal ...
- LOWER INTEREST RATES BAD NEWS FOR ELDERLY.(Business)
- Newspaper article from: Albany Times Union (Albany, NY) December 22, 1991 700+ words
...problem by lowering interest rates. Lower rates make...typically think of lower interest rates as unalloyed good news...elderly, lower rates are bad news. The fact that rates...than helped by lower interest rates. But a clear majority...
- Lower interest rates bad news for struggling pensioners.(News)
- Newspaper article from: Pretoria News (South Africa) May 28, 2009 700+ words
...magazine, listen to the news and everyone is begging for interest rates to be lowered. I can understand that our economy needs...how must this man survive with his income halved by the interest rates? I will tell you how. Who cares? Joh van der Merwe...
- Jobs Report Bad News for Retirees, as Interest Rates Remain Low.
- Newspaper article from: Newsday (Melville, NY) March 6, 2004 700+ words
...jobs report was bad news. The U.S. Labor...shot up, sending interest rates lower. Benchmark...delays raising interest rates for months, that's bad news for people holding...of unusually low interest rates," said Jonathan...
- Look for best deal in case tide turns; Money Line INTEREST RATES: A rise would...
- Newspaper article from: Western Mail (Cardiff, Wales) January 19, 2002 700+ words
...great news for borrowers and bad news for savers. Interest rates have been tumbling since...spending. At the same time, interest rates paid on bank and building...hinted that the next move in interest rates is likely to be up rather...
- Higher interest rates mean good news, bad news for investors and borrowers.
- Newspaper article from: Knight Ridder/Tribune Business News July 2, 2004 700+ words
...Federal Reserve have raised federal interest rates by a quarter point, the questions...QUESTION: What happens now? ANSWER: Interest rates start going up. Banks immediately...Fed could trigger a sudden hike in interest rates, adding significant cost to repaying...
- High-Yield Focus: Low Interest Rates, Lack of Deals Bad News for Buyers.
- Magazine article from: The Bond Buyer Albano, Christine Fine, Jacob July 11, 2003 700+ words
Historically low interest rates coupled with a scarcity of new high-yield municipal bond deals is making for a disappointing combination for cash-laden and...
- Interest rates on the upswing: good news or bad news?(Focus Real Estate)
- Magazine article from: Mississippi Business Journal Gillette, Becky August 25, 2003 700+ words
...economy propped up is the record low interest rates that have made it very attractive to...economy is on the upswing, so are interest rates--primarily for mortgages. Now that consumers have been enjoying the lowest interest rates seen in decades, will higher rates...
- Services sector boom cools as sharp rise in salaries spells bad news fo r...
- Newspaper article from: The Birmingham Post (England) July 4, 1998 700+ words
...England Monetary Policy Committee's previously stated concerns about wage rises led dealers to expect the news to be bad for interest rates. Much of the morning's gains were lost by the close, but the FTSE-100 still finished up 28.2 points at 5988.4...
