Mortgage Rates

Home loans Down In Trump’s The usa





A single coverage alter place into area by the Trump Administration is by now obtaining negative results. Ana Kasparian and Cenk Uygur, hosts of The Youthful Turks, explore. Tell us what you imagine in the comment part below.

“A plunge in programs for federal government-insured loans was guiding a drop in over-all home loan quantity final 7 days.

Complete home loan programs fell 3.2 % on a seasonally modified basis from the past 7 days, according to the Home loan Bankers Affiliation. Volume was 18 % decrease than the same 7 days 1 year back.

Most noteworthy was a 13 % drop in FHA programs — a immediate result of the Trump administration reversing a lower in the FHA’s once-a-year home loan insurance high quality just hrs following the inauguration. That lower was the final key coverage act of the Obama administration and would have reduced regular monthly payments for hundreds of new, decrease-income borrowers. FHA programs enhanced immediately following the lower was announced, and loan providers have described that a lot of of those have also been withdrawn…

Applications to refinance a household personal loan fell 1 % for the 7 days, seasonally modified but are almost 32 % below year-back stages. Refinance quantity dipped below fifty % of over-all programs and strike its most affordable considering the fact that July 2015. Home loan costs jumped decisively pursuing the presidential election, pulled back again a little at the begin of the new year and are now heading larger when once more.

Home loan programs to acquire a household fell a steeper 6 % for the 7 days and are just 2 % larger than a year back. House rate gains continue to maximize, and affordability is weakening across the country, but desire for housing is mounting.”*

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Hosts: Ana Kasparian, Cenk Uygur
Cast: Ana Kasparian, Cenk Uygur

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44 comments

  1. ok lol. so do you want more loans and mortgage applications or not? not enough people to get them that aren't risky.

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  2. The fact that mortgages even exist is sickening.

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  3. everything they said made everything they said…..irrelevant. why even make the video

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  4. @ Adam Smith, below: The NINJA loans were non-conforming, i.e., non-FHA. 😉

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  5. wow .alot of bullshit here ..lenders aren't loosing up ..and giving out easy flexible rate loans….that's happened around 10 years ago and is the reason why the real state market tanked..

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  6. You should be happy about this. The banks have been selling loans to people whom THEY KNOW could not make the payments. This will force the banks to have to re-evevaluate just WHO they were going to loan money to. That is not bad, especially since the mortgage debacle of 2008. While you're at it, with the coming market crash, be it stocks, mortgages, bonds, buy shorts on it and get RICH$$$$$!!! 🙂

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  7. FHA loans suck. For so many reasons, I wouldn't wish one on my worst enemy

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  8. it's about 1,000 more a year in southern cali. was thinking of buying a home, but having second thoughts now.

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  9. a 50$ budget change on a family of 4 will and can bankrupt them.
    Budgets are as tights as they can get in USA today.

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  10. This is why I'm just gonna buy cheap land and build my own house using shipping containers.

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  11. the comments make me think no one watched the video

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  12. "Somebody asked for this." I really think it's because they did indeed research and planned on the actions to take in his first week.

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  13. It's about the insurance company who most likely is owned by the same bank that wrote the mortgage.

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  14. What "low income" people were taking out $200,000 mortgages? Sounds like Trump did the right thing by reducing these kinds of mortgages.

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  15. Who can even afford a home anymore anyway? What about making use of unused/empty lots, properties and businesses, there's too many homeless. Government needs to build more adequate super small single and family room housing like really small places that have the essentials for basic everyday needs like shower, beds, nuwave, electric burners/hot plates, sink, laundry machines with security desks at each entrance for everyone's safety and well-being.

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  16. My wife and I bought a home with and FHA loan 5 years ago. We could not have afforded the down payment if it weren't for that wonderful program.

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  17. No, Obama depleted the FHA-Insurance fund to buy votes. Replenishing that fund will make more home loans available long term. Sorry, Trump can't fix all of Obama's political machinations in his first 30 days. This will probably take a year, but Obama made this mess. ( And Obama said the same thing the first year of his Administration, but then kept saying it on the 8th year, which was pretty childish. 😉

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  18. what did he did?

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  19. It was the first step to remove the restrictions for loans, the sharks of Wall Street and similars want to restore the conditions previous to 2008, so they can do the giant fraud all over again.

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  20. Socialism for the 1% and dog-eat-dog reality for the rest of us! Welcome to Trump's America everyone, we wish you a pleasant ride as we collapse both economically and culturally!

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  21. Stock market crash again! Great🙄. We always get stuck with the bill, when is it going to end? Enough is enough!😤.

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  22. Makes sense. Less houses owned = more business for hotels.

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  23. Yeah go ahead and if things go poorly we'll blame Obama

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  24. you don't understand macroeconomics

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  25. I just bought a house with my husband in October 2016. In January once trump was elected I felt like maybe we should have waited. Mostly because of the the fear of his impact on he economy. We own two business so he kind of scares the shit out of me about the future. I think a lot of people have similar fears.

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  26. Trump will make the rich, richer. The poor, poorer. The middle class will stay about the same.

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  27. Trump is hurting people by this 😂😂😂

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  28. If you can't handle an extra $500 a year, you shouldn't be buying a house.

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  29. Why wouldn't banks increase their risk? what's the downside? the govt won't let them fail, and even if they break the law and commit outright fraud, their higher ups will be protected from prosecution, be given a few dozen million extra dollars for securing such a lucrative bailout, and they'll be nominated to run the country's finances.

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  30. This is probably another situation where Trump changed the law just because Obama made it.

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  31. What exactly did he did? -Ana Kasparian

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  32. FHA doesn't equal people that shouldn't buy houses. Quite often first time home buyers go the FHA route, like myself. I'm not in any risk of defaulting on my mortgage.

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  33. If the insurance is to cover the risk exposed by the lender, then shouldn't the lender pay for the insurance premiums? Am I asking the wrong questions?

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  34. There are less mortgages because liberals think houses are racist, sexist, and xenophobic. They rather move to the Middle East and live off the land.

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  35. "what did he did" best line all year tyt, best line all year.

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  36. Glad I bought my first house last year

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  37. Bankers make risky loans without insurance then WE the taxpayer pays the tab and the banks get bailed out.If the banker big shots get fired they just open the golden parachute.plus don't forget the lenders made money on the loans in commissions and fees so win win win..

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  38. Trump is smart in this case.  Mortgage insurance exists for a reason, to encourage people to get 20% down, and to protect lenders. We're still at crazy low interest rates, and everything can only go up, AND if there is a small slowdown in demand, property values WILL GO DOWN, so we're sitting at HIGH VALUES, LOW INTEREST, which isn't safe for anyone who want to buy now and not stay for 30 years.

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  39. Beware people just you wait and see, A lot of people are going to feel the impact of the Trump's administration. Obama did do a lot to help this country's economy, but the republicans will not  give  him any credit, and this is what they want  the American people to believe.

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  40. You guys don't seem to understand what really goes on. First of all lenders can lend out 10 times the amount of assets they own. Since the government insures those loans, banks get get back money that they never actually had! This means that they actually make more money when someone defaults! We get screwed and the banks get rich!!! The bail out was the insurance money the government owed on the insurance! Now they are getting ready to do it again!

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  41. Interest rates have been going back up prior to the election. Some tax benefits for homeowners are also on the chopping block. I think these two factors have more to do with the decline in applications.

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  42. So Trump would rather spend all your money on a wall rather than helping the people but homes. Hmmm interesting priorities.

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  43. So again, we need to work on banking regulations. I suppose if anyone knows anything about defaulting on making payments, it's Trump. I'm a homeowner. I've owned three homes in my life (just one at a time, sold and moved twice) and I recommend it if you do it wisely. It's like buying anything. You don't let anyone tell you how much you can afford to spend. You know how much comes in every month and how much is left over. The math is actually very simple. Don't spend more than you earn and save before you spend. Yes, people lose their job and medical catastrophes happen, but most of the time it is just people over-buying. My biggest issue with PMI, and why I always put down 20%, is why am I paying for the bank's insurance? If this is insurance to make sure that the bank gets their money back if I default, why doesn't the bank buy it? If I'm buying the insurance, why doesn't it give me the money if something goes wrong for me assuming I can prove no fault)? PMI feels like a scam in that way. Conceptually not bad, but it fails that test for me. Then again if we made banks buy it, they'd just build it into interests rates. We can't win there.

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  44. so we are screwed till he gets impeached but now remember pence

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