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Tag: mortgage-interest-rates
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
Quick reminder to lock in your mortgage
On the first Friday of every month, the Jobs Report comes out. Tomorrow is the big day. As I’ve written about this topic before, this economic indicator tends to have a huge impact on mortgage interest rates.
It is the consumers choice to float or lock a mortgage interest rate. My preference is generally always to [...]
Posted: September 6th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: jobs-report, lock-confirmation, locks, mortgage-interest-rates, underwriting
Comments: 9
Friday’s Rates…Big Ben is watching
The Fed surprised everyone by lowering the discount rate by 0.50% to 5.75%. This is not the same as the Fed Funds rate which the prime rate (home equity loans) is based on. This impacts what banks will pay when borrowing funds from the Fed. This more attractive rate will help add much needed liquidity [...]
Posted: August 17th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: ARM, confirming, fixed, jumbo, mortgage-interest-rates, nonconforming
Comments: none
Mortgage Rates for Friday
The mortgage saga continues with the nations largest mortgage producer Countrywide Financial stating it faces ”unprecedented disruptions” that may reduce profit, suggesting a credit crunch that started with the U.S. subprime market will spread. In deed, this is impacting markets in Europe and Asia as they are huge investors in US mortgage backed securities. Today the Fed took action by injecting [...]
Posted: August 10th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: mortgage-interest-rates
Comments: none
Friday’s Rates on a Saturday
I’m sorry for posting rates a day late. Since I also have Friday’s rates at Mortgage Porter, I’ve been trying to post rates a bit later in the day at RCG in case we have significant price changes during that day. Yesterday, however, got away from me and sometimes other things, such as business, has to come before [...]
Posted: June 16th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: mortgage-interest-rates
Comments: 105
Friday’s Rates…ya’ better lock ‘em…rates are inching up
There was mid-day price changes today and I can barely lock a 30 year fixed rate at 6.00 as quoted below. Next week brings economic reports that tend to have a high impact on mortgage interest rates. Starting on Tuesday morning with the Consumer Price Index (CPI) and on Thursday, we’ll learn about the Jobless Claims and the [...]
Posted: May 18th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: APR, ARM, conforming, cpi, jumbo, mortgage-interest-rates
Comments: 1
