fed: Rate projections from the Fed - Pay points? - John Sr & John Jr... - 01/13/12 07:55 AM
Fed will publish short-term rate projectionsThe Federal Reserve will now tell the public its expectations for short-term interest rates, starting after its Jan. 24-25 meeting. I find this odd, and here is why...
 
>>Reliability. If market realities change, the Fed may need to adjust rates. That is the Fed's job first and foremost.
>>Conflict of interest because the Fed may not want to contradict itself, and hesitate to take needed actions that conflict with its own projections.
>>Confusion. This pertains to short term rates, NOT (long-term) mortgage rates. People are constantly confused about this. Mortgage rates are primarily determined by capital markets. I am also concerned … (0 comments)

fed: Rates plunge - Case-Shiller down 16.6% - Feds buy loans - Loan mod re-defaults - 11/29/08 02:18 AM
  Rates tanked this week. On Tuesday we were pricing the no-points no-fees 30-year fixed at 5.375%!  Is it time to jump? (See article below). The first decision to make is will you be doing a self-paid refinance or a no closing cost refinance. With a no-closing cost refi you only pay for the appraisal and rates are typically 0.25%-0.50% higher - but you can do these types of refis as often as you like when rates decline. Contact me or request a quote online. 
Modified mortgages often re-default (see bottom article). I believe this happens at least in part because lenders typically offer only the bare minimum modification which does not create a … (3 comments)