The difference from a 6 percent rate is tiny, but the appeal to customers is big.
Category: Housing
A prohibition on institutional investors could destabilize housing markets, but a targeted exemption can protect homeowners and renters.
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Weakening Tri-Merge Would Make Housing Less Affordable
Why cutting credit reporting costs won’t fix housing affordability, and may make it worse.
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Conservatism Culture Cybersecurity Domestic Policy Economic Opportunity Economy Government Regulation Government Transparency and Accountability Housing Infrastructure & Technology Legal and Judicial Life Markets and Finance Political Thought Poverty & Welfare Poverty and Inequality Progressivism Public Opinion Technology Top Issues Updates
The CFPB’s Open Banking Mandate Is About to Break Rent
The CFPB’s open banking mandate, the 1033 rule, poses a critical risk to America’s rent payments.
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Report: 1033 Error, Rule Not Sound
The CFPB’s open-banking mandate endangers consumers.
50-year loan terms would triple total debt while government regulations continue driving up building costs
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Report: The Case Against 50-Year Mortgages
How will Washington’s housing “fix” entrench debt, inflate prices, and undermine the American Dream?
Subsidized debt drives up prices, sucks up wealth, and makes it hard for millennials to buy homes.
The Mortgage Bankers Association’s slow, self-serving defense of the 30-year mortgage proves that lifetime debt, not homeownership, is the product they’re really selling.
This guest commentary was written by Ed Harris, CEO of Harris Northwest Advisors and a Visiting Contributor at the Southwest Public Policy Institute. In his argument about APR, Patrick Brenner is wrong but inadvertently correct on a larger point he doesn’t address. An APR calculation is mathematically accurate. Most fixed-rate 30-year mortgages are priced similarly, […]