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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: fomc
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
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
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
