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:
Gains Exceed Mortgage Cost for Many.(Brief Article)
Ever fantasized about living someplace rent-free? Or better yet, getting paid to own a home? And if you're a lender, did you ever imagine you might be giving away free mortgage money?
It may be you already are, according to Freddie Mac economist Amy Crews Cutts. The combined effect of low interest rate home loans and strong home price appreciation may mean that more wealth is flowing into a homeowner's portfolio than is leaving his or her checkbook in the form of mortgage payments.
Just consider the math. Supposing you bought a house with a 100% loan-to-value ratio. Assume a mortgage coupon rate of 6%, and a marginal income tax rate of 33%.
Because of the interest deduction on home mortgages, the consumer ...
- Federal Reserve nudges up key interest rate.
- Newspaper article from: Knight Ridder/Tribune Business News December 15, 2004 700+ words
...yesterday raised its key interest rate for the fifth time since...absent oil," said Amy Crews Cutts, Freddie Mac's deputy...by financial markets. The interest rate on the benchmark 10-year...released with yesterday's interest rate decision, the Fed depicted...
- Consumers Scramble to Get Home Loans Ahead of Anticipated Interest Rate Hike.
- Newspaper article from: Knight Ridder/Tribune Business News August 7, 2003 700+ words
...the housing market -- no ...uestion." Economist Amy Crews Cutts is betting that won't happen. "I think the near-term...shorter term fixed-rate mortgages in order to get a lower interest rate," Mr. Taylor said. "If mortgage rates can stay near...
- Making Free Mortgages?
- Magazine article from: National Mortgage News February 23, 2004 700+ words
...are, according to Freddie Mac economist Amy Crews Cutts. The combined effect of low interest rate home loans and strong home price appreciation...you are getting paid to live there," Ms. Crews Cutts explained to National Mortgage News after...
- Mortgages: How Much Risk?
- Newspaper article from: Kiplinger Business Forecasts October 20, 2006 700+ words
...people with enough income to comfortably bear an interest rate reset. Amy Crews Cutts, deputy chief economist with mortgage giant...annual raises, promotions or job changes. Interest rate hikes also have brought higher returns on savings...
- Freddie Mac: YTD 2008 cash-out refi share lowest in four years.(Briefing...
- Magazine article from: Mortgage Banking December 1, 2008 700+ words
...solely to obtain a lower interest rate or shorter term. Thus...carried a somewhat higher interest rate than the paid-off...ratio of new-to-old interest rate, explained Fred...Chief Economist Amy Crews Cutts. "During the third...
- Mortgage Rates Drop to Lowest Point in 40 Years.
- Newspaper article from: Knight Ridder/Tribune Business News March 14, 2003 700+ words
...record-high levels. Crews Cutts at Freddie Mac said...she said. Nor do Crews Cutts and the others interviewed...averaged 5.8 percent. Crews Cutts said Freddie Mac's...models that predict interest rate directions. That doesn...
- MORTGAGE RATES LOWEST IN 40 YEARS.(News)(Statistical Data Included)
- Newspaper article from: Daily News (Los Angeles, CA) March 14, 2003 700+ words
...record-high levels. Crews Cutts at Freddie Mac said...she said. Nor do Crews Cutts and the others interviewed...averaged 5.8 percent. Crews Cutts said Freddie Mac's...models that predict interest rate directions. That doesn...
- Freddie Mac issues economic outlook.(Business Alert)
- Magazine article from: Mortgage Banking August 1, 2004 700+ words
...July economic and housing outlook, Chief Economist Frank Nothaft, Amy Crews Cutts and Buchi Ramagopal say the market view is that the Federal Reserve's June interest rate increase was the first of as many as 12 consecutive "measured" rate...
Source: HighBeam Research, Gains Exceed Mortgage Cost for Many.(Brief Article)