Real estate blog entries tagged with mortgage risks by Bryan Quinn (Eagle Nationwide Mortgage Company)

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Home : Blogs : Bryan Quinn : Bryan Quinn's Blog : Tag "mortgage risks"

mortgage risks: Why mortgage rates are not lower - 05/01/08 02:32 PM

Since September of 2007, the Federal Reserve Chairman has slashed the federal funds target rate by a full 3 percentage points. But prospective buyers are still scratching their heads because the Interest Rates are not moving down with these cuts. Interest rates have dropped only a 1/2 percent on a 30-year fixed loan since September. Why is this happening?
Here is a overview of the factors that influence today's mortgage rates and my opinion of what may be happening in the future.
DOES THE FED SET MORTGAGE RATES?
No. The Fed is only responsible for setting the federal funds target rate. … (2 comments)

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Bryan Quinn

Spokane, WA

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Eagle Nationwide Mortgage Company

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