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federal reserve: 1/27/2010: Quick Mortgage Market Overview - 01/27/10 06:24 AM
Interest rates: Up, Down, or Flat? I'm betting on flat, but that could change with market volatility.
Consumer Confidence numbers out yesterday were a little more optimistic than expected, and the stock market liked that. It doesn't mean we're out of the woods by any measure ~ just that sentiment in the country is a little less dour than the experts thought it might be. There's a fine line between cynicism and optimism.
This morning on Bloomberg: Fed May Take Chance End to Debt Purchases Won’t Hurt Housing. Fat chance! Bernanke's in a tight spot, caught between the perceived need for … (8 comments)
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federal reserve: Philadelphia Fed Governor Plosser: "Rates Going Up As Housing Prices Go Down" - 07/24/08 01:16 PM
It would seem counter-intuitive. Housing prices are falling, but interest rates have to go up.
Charles Plosser, President and CEO of the Philadelphia Federal Reserve Bank, expressed his concerns about broad based inflation. He sees the current low discount rate as an accomodation to a political situation which is not really a banking concern, and wants to raise interest rates to stave off inflation.
He's not the first to express a concern that politics is creeping into the Federal Reserve System.
The article on the right was published in the year 1922, less than eight years after the formation of the Federal … (10 comments)
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federal reserve: Will the FED lower interest rates? From his mouth to God's ears! - 08/17/07 12:13 AM
Federal Reserve Chairman Bernanke is feeling the pressure of a potentially explosive monetary crisis--the first of his tenure. Five years ago, in Jackson Hole, Wyoming, then Chairman Alan Greenspan addressed the advisability of the Federal Reserve "popping" asset bubbles to rein in perceived excesses. Greenspan didn't come right out and say "It's not our job," (He never came right out and said anything) but he did comment as follows: ""The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances...." From his mouth to God's ears! That was the summer of 2002.(photo courtesy Bloomberg)In November that … (7 comments)
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Mike Jones
Tucson,
AZ
More about me…
SUNSTREET MORTGAGE, LLC
Address: 2840 E Skyline Dr, Suite #230, Tucson, AZ, 85718
Office Phone: (520) 344-6943
Cell Phone: (520) 349-9090
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