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Lecture 3

FIN 319 Lecture Notes - Lecture 3: Bizarro World, The Main Point

3 pages17 viewsFall 2013

Department
Finance
Course Code
FIN 319
Professor
Lane
Lecture
3

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Mortgage Pai as Rates Rise: Iflatio “are or the Real Deal?
1. The main point of this article is that since the
election, the mortgage rates have increased
faster than they were in 2013. The author
makes me believe that as of right now, there is
nothing to worry about, and he states that the
increase of the mortgage rate is used to scare
people.
2. Ufortuately, I hae’t ee folloig the
markets since Trump has been elected, so I
did’t ko that the ortgage rates ere
actually increasing. I believe that I heard from a
friend that people thought the market was
going to crash.
3. When I got near the end of the article, I
became confused. I did’t uderstad hat the
author meant when he stated that the market is
ahead of itself. Is that a good thing or a bad
thing? I also did’t uderstad hat he was
trying to tell the readers about the Fed. It was
very difficult to understand.
Bizarro World: The 100 Percent LTV, 0 Rate Mortgage (Affordable Housing
Crisis…Agai)
1. The main point of this article is that in 1980,
the mortgage rates were above 18%. As a
result, there were 4 other mortgage products
that were produced. As of right now, mortgage
rates are extremely lower than what they were
in the 1980s, but unfortunately, there is a
mortgage affordability crisis. The crisis is due to
increasing home prices and low wage growth.
2. The information that I found interesting in the
article was that many fewer people are getting
mortgages right now. While it does make since,
it was very interesting to find out that it was
true. Also, another thing that I thought was
interesting was that the mortgage rates were
above 18% during the 1980s. I as’t or i
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