Real estate blog entries tagged with heloc by Jona "The REO Man" from Kona (BOP)

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Home : Blogs : Jona "The REO Man" from Kona : Jona "The REO Man" from Kona's Blog : Tag "heloc"

heloc: Does the Fed rate cut impact foreclosures? - 01/22/08 10:25 PM

Interest rates are going down, that should surely affect mortgage rates and therefore foreclosures, right? Not so fast.
The Federal Reserve interest rate cut by ¾ of a percentage point today means that short term interest are lowered. The effect on long term interest rates is not quite clear yet. Fixed mortgage rates are tied to the long-term bond yield that move up or down based on the long term economic outlook and inflation. I think we all know that long term, our economy does not look that optimistic.
Of course, this rate cut will have an effect on credit … (0 comments)

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Jona "The REO Man" from Kona

Manhattan Beach, CA

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