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mortgage rates: Mortgage Rates and The Fed - 03/23/10 06:09 PM
On March 31, the Federal Reserve will stop buying mortgage-backed securities from Fannie Mae and Freddie Mac, returning control of interest rates to private investors.
Many had thought that once this occurs, mortgage rates would rise quickly. That sentiment is not held by many economists who feel that there is significant private investor demand that will take place. Additionally, the Fed has no immediate plans to sell off the bonds it's purchased.
Mortgage rates are historically low hovering around the 5% mark. It is expected that they will rise slowly by the end of the year, but we are only talking … (2 comments)

mortgage rates: The Fed Rate and Mortgage Rate – What Does This All Mean? - 02/09/08 03:16 PM
First a little history.  The Federal Reserve System (commonly referred to as The Fed) is the central banking system of the US and is made up of 12 regional banks.  The Fed manages the nation's money supply via its use of monetary policy.  This refers to The Feds ability to influence the availability of money and credit which affects interest rates and therefore the economy. 
Are we good so far?  For our purposes here we are going to have a limited discussion and only touch upon one area of the monetary policies. 
Banks are required by The Fed to have a … (46 comments)

mortgage rates: Mortgage Bailout – Who’s Getting Bailed Out & Who’s Bailing Out! - 12/14/07 04:50 PM
OK, let's start with a brief understanding of the mortgage industry.  You buy a property and obtain a mortgage.  The lender then packages that loan with many others and then they are sold to investors.  Simple, right!  OK, so now we come to the mortgage debacle that we are seeing in the subprime market and we've all read about the bailout that President Bush is proposing. 
So now let's get back to our investor.  They bought a package of loans at a certain rate of return expected.  But if the rates are frozen, then this investor is going to get a … (9 comments)

mortgage rates: My Bank Wants to Give Me An ARM - I Guess They Want A Leg! - 11/25/07 02:53 PM
This is amazing with all that's gone on within the mortgage industry.  I was just going through some mail that I'd put aside and there was a letter in there from a lender on one of my rental properties.  They wanted to offer to lower my monthly payment a little over $300.  The rate was going from 7.375% to a 6.746% APR.  OK, so what's the catch.  Well it appears that the actual rate is 5.875% and they wanted 1.605% points.  Right here I'm going to myself - OK, so they're charging points looking to make some quick cash.  Everyone knows … (17 comments)

mortgage rates: The Fed Rate Cut - 09/08/07 04:01 PM
On this day in history...The Spanish expedition established the first permanent European settlement in North America, St. Augustine, in 1565.The Dutch surrendered New Amsterdam to the British, who renamed it New York, in 1664.NY Athletic Club formed in 1868.1st appearance of " The Pledge of Allegiance" was published in The Youth's Companion in 1892 to commemorate the 400 anniversary of Columbus' discovery of America.Gaeston, Texas was struck by a hurricane that killed an estimated 8000 people in 1900.The comic strip "Blondie," created by Chic Young, was first published in 1930.A peace treaty with Japan was signed by 49 nations in San … (0 comments)

 

Marc Grossman, GRI - Greater Orlando Real Estate Broker

Longwood, FL

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Address: P. O. Box 160521, Altamonte Springs, FL, 32716

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This blog is an avenue to relate information and sites that may be of interest to you in regard to real estate. There will be miscellaneous meanderings about me and opinions in regard to Central Florida and Orlando homes for sale and real estate in particular. Get great free widgets at Widgetbox!



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