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fed funds: Consider Locking Now... 'Cause the Rates Are Likely to Pop! - 10/29/08 09:27 AM
The Federal Open Market Committee adjourns from its scheduled 2-day meeting today at 2:15 P.M. ET and the markets are eagerly awaiting the central bank's press release.
In it, Fed Chairman Ben Bernanke is expected to address the U.S. economy, the future of credit, and the new Fed Funds Rate.
Dear Friends and colleagues here in Winter Haven, FL and across the nation.. I need you to know this:  When the Fed Funds Rate falls, mortgage rates tend to rise.
The inverse relationship between mortgage rates and the Fed Funds Rate is based on the idea that cuts to the Fed Funds … (4 comments)

fed funds: Fed Funds Rate unchanged at 2.000 percent - 09/16/08 06:37 PM
 

 
For the third consecutive meeting, the Federal Open Market Committee left the Fed Funds Rate unchanged at 2.000 percent.
Of interest to mortgage rate shoppers, the FOMC led its press release with comments about the health of the financial and labor markets, calling them "strained" and "weakened", respectively.  The relative weakness in both of these areas has contributed to low mortgage rates of late.
The FOMC also noted in its release that, although economic growth has slowed this year, the historically-low 2.000% Fed Funds Rate should foster "moderate economic growth" in the future.
In the wake of the announcement, … (0 comments)

 

Kevin Sandridge - Winter Haven Mortgage Broker

Winter Haven, FL

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Signature Home Funding

Address: Winter Haven, FL, 33884

Office Phone: (863) 604-3019

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