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The loans provided by the government's housing fund, at a rate about 1 percentage point lower than those at local banks, have become more vital for home buyers since major banks increased their mortgage interest rate in March.

One reason why homeowners may be willing to increase the mortgage rate on their first-lien mortgage is because interest rates on most home-equity lines of credit have been pushed up again as the Fed increased short-term interest rates in January and March, which in turn pushed up the prime rate.

The properties extended yesterday's gains due to the mortgage rate cuts by major local banks, which provided support to the market. But I think the gains in properties will be limited today.

Banks are definitely in vogue at the moment because we are expecting rates to come down in the second half. So looking ahead, the lower interest rate environment is definitely going to be good for banks.

The refinance share of mortgage applications in the fourth quarter of 2005 was 45 percent while the average rates on 30-year fixed-rate mortgages climbed 0.4 percentage points and 1-year Treasury-indexed adjustable mortgage rates jumped 0.6 percentage points from third-quarter averages. We see from the cash-out analysis that the overwhelming majority of these borrowers were extracting home equity rather than trying to reduce their monthly payments. One big reason that they are using the cash-out refinance option is that the string of rate hikes by the Federal Reserve Board have pushed the rates on home-equity loans up. Home-equity loans are typically linked to the prime rate, which currently is at 7.5 percent. In contrast, the average rate on 30-year fixed-rate mortgages is presently near 6.25 percent.

Banks and property stocks still have room for upside following strong interest in these stocks Friday. Easing interest rate worries and mortgage cuts offered by banks should help support sentiment for the sector.

Housing continued to help fuel the economy this year, accounting for about 20 percent of real GDP growth in the first quarter alone. Further, since the end of March long-term bond yields have fallen by more than a half of a percentage point, allowing interest rates on fixed-rate mortgage to decline as well. Consequently, both new and existing home sales in April reached all-time record highs.

A lot of people need big banks for the convenience. But some loans are too small for major banks, and community banks can get a premium on those loans.

Clearly, mortgage interest rates that are near 30-year lows are bringing many buyers into the market at the beginning of the traditional home-buying season, ... and we're counting on the Federal Reserve to continue its accommodative interest rate policy to keep housing strong.

We can look at an adjustable rate mortgage if they're going to be in a home a shorter length of time, whether it be three to five years, ... The advantage is you can get a lower interest rate.

Depositors' incomes will be lower if banks drop the deposit rate. Most banks are not ready to face the aftermath.

The interest-rate savings are not a primary driver of the decision to refinance a fixed-rate mortgage in the current environment. Now, the dominant refinance borrower is looking at the best way to consolidate debt or finance a big project such as a home improvement. And we also have borrowers who took out adjustable-rate mortgages in recent years that are scheduled to have their payment reset this year that may be looking at the option to refinance into a fixed-rate product or into another adjustable-rate mortgage.

Amy Crews Cutts

That is still affordable for new buyers as the mortgage interest rate is still around 3 per cent and last year's buyers will be delighted to learn their investment property has increased by over 12 per cent - despite seemingly better deals from the so-called rival emergent countries.

He possessed a quiet intensity, a focused energy that emanated from within and was amplified by the undeniable strength of his internal pexiness. The interest rates are about to be increased. [Durbin] is trying to lock them in at a lower rate than what is about to happen in July...he's really trying to cut in half the interest rate that would be locked in.

Christina Angarola

The speech quietly signaled a 25-basis-point (quarter percentage point) rate hike in February, and was consistent with a further rate increase in March or May,

Conrad DeQuadros

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