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Frankly I don’t think the pure salesmen will be able to convert to professionals. There has been such a...
Tag: fed
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
Fed Funds Rate now at 3%
Today the FOMC reduced the Fed Funds rate by a half point to 3%. A half point rate cut was expected by Traders and so far we do not have significant changes (yet) to mortgage interest rates. However, if you have a HELOC, your interest rate has just gone down again. The Fed also reduced [...]
Posted: January 30th, 2008 under Mortgage and Lending.
Tags: fed, fed-funds-rate, interest-rates, jobs-report, mortgage-rates, pce
Comments: 141
Lock It or Lose It
Mortgage rates have been very volatile these past few days. Yesterday morning, I posted that the 30 year conforming fixed was under 5% and by the end of yesterday, mortgage rates had increased by 0.375% to rate or around 1% in fee.
Rate shoppers lost out big time if they did not lock.
Rates are continuing to rise [...]
Posted: January 24th, 2008 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: chicago-pmi, fed, fomc, interest-rates, jobs-report, jumbo, mortgage-rates, pce
Comments: 39
Fed Funds Rate now at 4.25%
The FOMC announced that the Fed Funds Rate and Fed Discount Rate are both being reduced by 0.25%. Remember (I can never say this enough) this has no direct impact on your mortgage interest rate EXCEPT for home equity lines of credit which are based on Prime Rate. If you have a HELOC, your rate [...]
Posted: December 11th, 2007 under General Real Estate, Mortgage and Lending.
Tags: fed, inflation, Mortgage and Lending, prime-rate, rate-cut
Comments: 21
Ba-Ba-Ba-Benny and the Fed
Aw come on and sing along with me (Benny and the Jets). Ben just surprised many by dropping both the Fed Funds and the Discount Rate by 0.50%. It’s too soon to tell how this may impact mortgage interest rates…however it (the Fed Funds rate) directly drops the rate home equity loans are based on to [...]
Posted: September 18th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: Ben-Bernanke, fed, mortgage-interest-rates, prime
Comments: 87
The Jobs Report and Mortgage Interest Rates
Last Friday, I posted that mortgage rates were on the rise due to the strong labor reports. Joe and Nickie both asked excellent questions regarding how economic indicators impact mortgage interest rates. One (just one) of the big daddies is the Jobs Report. Before I get into that deeper, I want to address economic indicators in [...]
Posted: April 9th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: cpi, economic-indicators, fed, fomc, jobs-report, mortgage-rates
Comments: 19
Are the rates going up or down — I’ll be watching you…
For all you econ majors and those who are cringing as our new Fed Chairman adjust to his new role this is a great little paradogy from the Columbia School of Business.
Every Breath You Take
Dean Glenn Hubbard
Parody: Follies Student Comedy Revue
Posted: June 14th, 2006 under General Real Estate.
Tags: diversion, fed, fun, interest, parody, rates
Comments: 6
