There was divergent actions taken by big banks in Australia and New Zealand recently with regards to their mortgage rates.  ANZ out of Australia lifted its rates 10 basis points to 9.47% and it seems likely that rates will continue to rise at the bank through this quarter.  Kiwibank of New Zealand on the other [...]

The Law & Econ Prof blog posted about a really interesting academic conference that will be taking place.  As a real estate investor, especially in this day and age, the idea of debt is a fairly scary topic.  The talk of debt, US’s addiction to debt, and the place of debt in a functioning market [...]

Just as I began to talk about mortgage rate stabilization, we’re seeing mortgage rates climb significantly over the past week.  The week-over-week increase on the 15-year fixed mortgage rates ended at 22 basis points.  The 30-year fixed mortgage rates are up 24 basis points.  The 30-year jumbo is climbing well above that 7 percent benchmark [...]