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The Federal Reserve dropped their short term Federal Funds Rate an additional .25% last week which brings the total adjustment of 3% since the fall of 2007.  The questions remains, why are mortgage rates not dropping in sync with the Federal Funds Rate?

Click on the link below to watch a CNBC video which includes an easy to understand explanation.  Enjoy. Video title: Assessing Mortgage Rates - Making sense of mortgage rates, with CNBC's Steve Liessman.

If you have questions or comments, just ask.

Jim Hogan, The LoanSource

 

Federal Reserve 5/30 Press Release Commentary
Jim Hogan - Atlanta Loan Source (The Loan Source)
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Jim Hogan - Atlanta Loan Source (The Loan Source)
I have found a system that has helped differentiate myself from my competition?   Just think of the feeling you get when you see a hand addressed notecard sized envelope on your desk or at home.   You open the envelope and smile because the message…
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Jim Hogan - Atlanta Loan Source (The Loan Source)
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Jim Hogan - Atlanta Loan Source (The Loan Source)
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Jim Hogan - Atlanta Loan Source (The Loan Source)
Have you ever watched the movie "Hunt for Red October" or any other naval war movie as the good guy put a shot across the bow of the bad guy's vessel? The warning shot send a very clear message and can not be ignored. Well, consider…
 

Jim Hogan - Atlanta Loan Source

Sandy Springs, GA

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