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housing inforamtion little rock: Central Arkansas Housing Market - 11/07/08 01:48 PM

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housing inforamtion little rock: Mortgage Update on Little Rock Real Estate - 10/31/07 04:53 PM
Today is the Fed day and it has chosen to cut the discount rate by .25%.  This was expected and it came to pass.  More importantly, the Fed Policy statement changed a bit and market experts are taking the revisions as indications of no additional rate cuts in December.
In short, interest rate sensitive investments are unhappy with the news and mortgage rates will react similarly.  Two things are bothering mortgage rates, good economic growth (excluding housing) and perceived inflationary pressure.  Remember, when our economy is strong, there is more of a demand for money and the "rent" (interest expense) on … (0 comments)

 

Kerry Ellison

Little Rock, AR

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Keller Williams

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