The Good & the Bad about the Fed’s Latest Rate Move
Anytime interest rates move up most people view this is a signal of the economy getting worse. However, when rates are this low, it’s really a signal the economy is getting better and can withstand higher interest rates. To better understand it, you have to think from an investor perspective. Making 4 to 5 % [...]
What to Expect in 2009
Though no one has a crystal ball, there is a lot of discussion about the real estate and mortgage industry right now. I have heard things that seem to be rather outrageous, like interest rate going to 2 and 3% and things that seem more reasonable, like interest rates going to 4 to [...]
Will Rates Continue to Go Down?
The holiday season is always a fun time. You get to go to everybody’s parties and see old friends and catch up with people you haven’t been around in a while. It’s no difference in the mortgage and real estate industry and this last week has been fun.
One of the biggest topics of [...]
Why Rates Came Down
A few weeks ago Fannie Mae released its first earnings report since the federal takeover. To say the least, it wasn’t good. The media used words like dismal and gruesome. The reason was Fannie Mae had the largest loss of any U.S. based company this year and yes; this was AFTER the federal [...]
Rates Are Up
For all of those waiting for the rates to come down even lower in order to purchaser a home, you may have waited too long. Rates went up from .500 to 1 point last week and they are holding today.
People still think mortgage rates go up and down with prime. I have blogged and [...]