the fed: Fed target rate down, mortgage rates up - 02/02/08 01:05 AM
So over the last 2 week the FED has cut their target interest rate a full 125 basis points and credit demand has plummeted off a cliff. Guess what 30 year mortgage rates are pretty much unchanged from a week ago after initially dropping after the cuts. Below is a chart (10 comments)
the fed: Ten year treasury hits multi-year low - 01/10/08 10:54 AM
Yesterday the ten year US treasury bond hit a of 3.75%, a rate that hasn't been seen for since early 2004. Everything else being equal this should slightly bring down fixed mortgage rates over the next several weeks, as they tend to correlate well to the ten year. So why is (11 comments)
the fed: Why does no one in the media understand The FED? - 01/02/08 04:37 PM
99% of the time I hear someone in the media or a pundit on TV talk about the FED I want to bang my head against the wall. There is so much misinformation that gets told so many times that it seems to becomes truth to many people. The Federal Reserve (68 comments)
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