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Tag: Fed-Funds
The FED drops the Funds Rate to 1.00%
The FOMC, during a scheduled meeting, elected to reduce the Fed Funds rate by 0.5% from 1.5% to 1.00%. Unless you have a HELOC that is floating (attached to the Prime Rate) this does not directly impact your mortgage interest rates. However, it will influence mortgage rates based on how traders [...]
Posted: October 29th, 2008 under General Real Estate.
Tags: Fed-Funds, fomc, rate-cut, the-fed
Comments: 8
The Fed drops the Funds Rate to 1.5%
This morning, the FOMC cut the Fed Funds rate 0.5% to 1.5% in a globally coordinated move in advance of the scheduled FOMC meeting October 28-29, 2008. Another rate cut at the scheduled meeting is not out of the cards.
From the Press Release:
“Inflationary pressures have started to moderate in a number of countries, partly reflecting a [...]
Posted: October 8th, 2008 under News.
Tags: Fed-Funds, fomc, rate-cut
Comments: 4
And the FED…does nothing.
The markets anticipated the FOMC to leave the Fed Funds rate alone at 2% and that’s just what they did. The markets are reacting accordingly by not swinging drastically either way. The DOW is enjoying triple digit gains while oil has been under $120. What does this mean to mortgage interest rates?
As you know, the FOMC does not [...]
Posted: August 5th, 2008 under General Real Estate, News.
Tags: Fed-Funds, fomc, inflation, prime-rate
Comments: 27
Fed Funds Rate cut 0.25% to 2.00%.
The FOMC cut the Funds Rate another 0.25% to 2.00% based on an 8-2 vote. Remember, this does not mean that the 30 year fixed rate is now 0.25% lower. This does mean that if you have a HELOC that is attached to Prime (and it’s not fixed), your rate will go down 0.25%. Prime will [...]
Posted: April 30th, 2008 under General Real Estate, News.
Tags: discount rate, fed, Fed-Funds, fomc, mbs, prime
Comments: 2
Surprise! Fed Cuts Funds Rate by 0.75%
We took our boys snowboarding last night at Snowqualmie where I began to receive text message alerts on my Treo about various markets being slammed from around the world based on fears of a US recession. The Fed met last night deciding to make an intermeeting cut to the Funds Rate to 3.5%. This is the biggest single Fed [...]
Posted: January 22nd, 2008 under Mortgage and Lending.
Tags: Fed-Discount-Rate, Fed-Funds, helco, interest-rates, mortgage-rates
Comments: 21
