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How the Student Loan Crisis Drags Down Home Prices
Posted to: Around The Web
Monday, March 04, 2013 1:43 AM

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The staggering amount of outstanding student debt- nearly a trillion dollars owed - is beginning to impede the economy as a whole, a new report from the New York Federal Reserve suggests, chiefly by robbing the housing market of its richest crop of new buyers: young college graduates.

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Mortgage Rates:
  • 30 Yr FRM 3.81%
  • |
  • 15 Yr FRM 2.97%
  • |
  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
  • 30YR FNMA 4.5 107-06 (0-02)
  • |
  • 30YR FNMA 5.0 108-03 (0-05)
  • |
  • 30YR FNMA 5.5 108-14 (0-01)
Recent Housing Data:
  • Mortgage Apps -9.77%
  • |
  • Refinance Index -11.66%
  • |
  • NAHB Builder Confidence 4.76%
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