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feds: Jim's Soapbox (November 08) - 11/25/08 12:43 PM
Jim's Soapbox
(Arizona Real Estate Newsletter - November 08)
 
GOOD NEWS - A handful of my prayers were answered today as rates plummeted into the mid 5's.  It is the largest single day reduction in rates I have seen in the last 20 years.  The refinance mini-boom I was predicting in September may have arrived this morning with the Feds public commitment to infuse another $800 billion into residential lending organizations.
The goal of my newsletter is to provide educational material mixed with Jim's unsolicited yet fascinating opinion on the Arizona housing market and real estate ownership in general.  If … (0 comments)

feds: What did today's rate cut mean?? - 01/22/08 01:12 PM
Today's prime rate cut of .75% means that mortgage rates are going to continue to drop even lower,.. Right?  Not Necessarily!!! 
As much as I hope that rates continue to drop for homeowners, this rate cut does not mean that the 30 year rates will go down immediately.  Rates have actually dropped significantly over the last 3 weeks on the assumption that the Feds were going to drop the Prime rate at least .50% (and some speculated that it might be as high as 1%).  Had the Feds only dropped the rate .25% today, rates would actually have gone up today … (1 comments)

 
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Jim Cunningham

Phoenix, AZ

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Nova Home Loans - BK#0902429

Address: 5450 E High Street , Suite #260, Scottsdale, AZ, 85260

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