This Breaking News ARTICLE covers the Negative Interest Rates To Spread To The U.S. Per Alan Greenspan. BREAKING NEWS: Negative Interest Rates To Spread To The U.S. Per Former Fed Chairman Alan Greenspan. Alan Greenspan added that investors should carefully keep an eye on the 30-year Treasury yield. The 30-year Treasuries hit an all-time historical low a week ago. On Wednesday, September 5th, 2019, the 30-year U.S. Treasuries were trading at 1.95%. In this article, we will discuss the breaking news of Negative Interest Rates announced and predicted by Former Fed Chairman Alan Greenspan.
The Global Economy Today and Negative Interest Rates
There is uncertainty in the global economy. World Trade Talks with the United States are making investors nervous. To add fuel to the fire, many investors are worried about the Trump Tariff Talks, especially with China. The U.S. economy has been on fire. Many are worried about a potential recession hitting the U.S.
The housing market has been going up with no signs of a housing correction. Both HUD and the Federal Housing Finance Agency (FHFA) has increased FHA and Conventional loan limits for the past three years
FHA Loan Limits for 2019 is $314,827 and Conforming Loan Limit for 2019 is $484,350. The VA eliminated the Maximum VA loan Limits for 2020. There is no longer a cap on VA Loans. Many experts worry about another housing market crash, similar to the one we had in the 2008 Housing Bubble Crash. Due to the rapidly increasing home prices, HUD reduced the maximum loan to value on cash-out refinances to 80% from 85% on FHA Loans. The Department of Veterans Affairs (The VA) made a similar move where it reduced the LTV from 100% to 90% on cash-out refinances on VA loans.
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The U.S. Versus The World Economy
The U.S. economy has never been as strong as it is today. The stock market is at a historical high. The housing market is approaching its historical high. Many critics of the Trump Administration are predicting another second Great Recession and are preaching that the U.S. is long overdue for a recession.
It seems like President Trump is running the U.S. like a business and getting along with World leaders. Unemployment numbers are at historic lows.
Major corruption in local, county, state, and federal government are getting discovered, investigated, and prosecuted. Many homebuyers and homeowners who have been on the sidelines are pulling the trigger in purchasing a home or refinancing their current mortgages.
What Experts Say About Economy And Negative Interest Rates
The former Fed Chairman spoke on Wednesday, August 4th, 2019 after New York Fed President John Williams spoke on the topic of how low inflation is the problem of today. Breaking News just hit moments ago about mortgage interest rates being down a full 1.0% at 3.48%. We will be writing about this breaking news shortly. For more information about this topic and/or other mortgage-related topics please contact us at Gustan Cho Associates at 800-900-8569 or text us for a faster response. Or email us at gcho@gustancho.com. Speak With Our Loan Officer for Getting Mortgage Loans
