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fed rate cut: Mortgage Rates For December 16 2008 - 12/16/08 12:23 PM
The 30 year fixed mortgage rate is pushing closer to the Treasury's 4.5 percent mark in the latest reading. With the Federal Reserve expected to cut rates will it have a negative impact on mortgage rates?
According to Zillow Mortgage Marketplace 30 fixed mortgage rates fell 0.19 percent from last week to an average of 5.15 percent. The 15 year fixed mortgage rate also fell week over week and now averages an even 5 percent.
The 5 year adjustable mortgage rate showed a slight increase week over week of 0.01 percent to average 5.94 percent. With expectations of a Fed rate … (0 comments)

fed rate cut: Mortgage Rates Fall During Week - 03/20/08 03:35 PM
This week there has been a number of huge factors contributing to the recent decline in mortgage rates. The Fed has lowered interest rates by 0.75 percent, JP Mortgage purchase Bear Sterns and Fannie Mae and Freddie Mac are pumping $200 billion into the housing industry.
The 30 year fixed rate mortgage average fell from 6.13 percent to 5.87 percent from a week earlier, while the 15 year fixed rate mortgage average fell from 5.60 percent to 5.27 percent during the same week according to Freddie Mac. This is the first time that mortgage rates have fallen since February of this … (0 comments)

fed rate cut: Fed Rate Cut – Mortgage Rate Affect - 03/18/08 04:49 PM
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fed rate cut: Second Fed Rate Cut This Month - 01/30/08 03:27 PM
Future Planning Financial
Strictly Mortgage
For the second time this month the Federal Reserve has slashed key interest rates in hopes of stimulating the U.S. economy. Although the rate cut does not tie directly into mortgage rates, mortgage rates have been on a downward spiral for the past month.
One week ago the Federal Reserve slashed interest rates in emergency fashion by 0.75 percent and today they slashed interest rates by another 0.50 percent totaling a whopping interest rate cut of 1.25 percent this month alone.
The rate cuts show that the Federal Reserve is making every effort they can in … (0 comments)

 
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Jeremy Redlinger

Maple Grove, MN

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PRC Funding Minnesota Mortgage Broker - Jeremy Redlinger

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