If I am reading this graph correctly, we are at a 130 year record:
Those bond vigilantes sure are being vengeful. And how about that S&P downgrade?
The good news graph of the day, though, comes from the Fed:
This is the average financial obligation ratio, which is debt service plus rent over disposable income. Lower interest rates do seem to be helping, although it would be useful to know what has happened to the median, as opposed to average, household. I refinanced my mortgage earlier this year, and it was great, and meant my financial obligation ratio fell by ten percent or so. But underwater borrowers who can't refinance (or households whose income fell enough to precent qualification for a new mortgage) may be worse off than before. It is hence possible that while the average has improved, the median has not.
The good news graph of the day, though, comes from the Fed:
This is the average financial obligation ratio, which is debt service plus rent over disposable income. Lower interest rates do seem to be helping, although it would be useful to know what has happened to the median, as opposed to average, household. I refinanced my mortgage earlier this year, and it was great, and meant my financial obligation ratio fell by ten percent or so. But underwater borrowers who can't refinance (or households whose income fell enough to precent qualification for a new mortgage) may be worse off than before. It is hence possible that while the average has improved, the median has not.
On the whole, real estate investing is a risky task, having a real estate expert while framing a decision is a wise idea. There are several real estate gurus’ who will help you in framing the right decision. DAVID LINDAHL is one such great real estate connoisseur who can help the frame the right decision at right time.
ReplyDelete