Real estate blog entries tagged with fed rate cut

Blog entries tagged with "fed rate cut":

fed rate cut: Mortgage Interest Rates Up, Oct 9th Mortgage and Financial Market Update - 10/09/08 01:03 PM

Hello Friends,
Just when rates were looking so pretty, they had to go and rise up. In the last 6 hours of trading from yesterday until now, we have seen over 115 basis points lost on mortgage backed securities which equates to 1.15% in extra fee to get the same rate … (2 comments)

fed rate cut: Interesting Times - 10/09/08 12:34 PM

I've recently heard one phrase repeated more often than most. "These are interesting times." Why are these times so interesting? It's interesting because we're in a big election year, the economy is failing, the stock market continues to plummet and we have no idea what's next. To put it in perspective, … (0 comments)

fed rate cut: Not for beginners, this is only for those that want to be good at their job. - 10/08/08 07:03 PM

The quick answer on "why this is important." Because your clients will ask you about it and if you don't know the answer, you fuel their fear. And as we've discussed, fear kills deals. Bottom line. If you, their real estate professional, don't have some grip on the financial markets, then … (0 comments)

fed rate cut: Whipsaw Wednesday, Mortgage and Financial Market React to Rate Cuts, Oct 8th - 10/08/08 05:20 PM

Hello Team, Sorry for the late update but with the massive whipsaw effect of the market today, I wanted to see the dust settle before I put out any advice. With trading moving from black to red 4 times with a 600 swing at times, hard to give an accurate update. … (4 comments)

fed rate cut: Financial Rollar Coaster Continues - 09/15/08 01:49 PM

Financial sector is in trouble again today, the Dow Jones industrial average down 460 points. The Standard & Poor’s 500 index has fallen 54 points, and the Nasdaq composite index fell 74 points. The big news makers are Lehman Brothers, Merill Lynch, Bank of America, AIG, and the Fed buy … (0 comments)

fed rate cut: Real Estate Dilemma - Does Anyone Have a Plan that Will Work? - 06/05/08 11:11 PM

Many in real estate are now acknowledging that something is broke, and no one seems to know how to fix it. I guess if we are still holding our breath for the borders to be fixed by congress, waiting for a fix for our national real estate crisis will be no … (22 comments)

fed rate cut: SHOULD I LOCK IN MY MORTGAGE RATE?? - 05/20/08 08:56 PM

Mortgage rates have dropped down today with certain special lenders to 5.50% on a 30 year fixed. Hybrid 7/1 ARMS are down to 4.875% (all with 1% origination fee).
I am often asked "should we lock" prior to getting the application. I tell my buyers I am a subscriber to: http://www.mortgagemarketguide.com/bondquotes/index.html
… (2 comments)

fed rate cut: Mortgage News You Can Use - 05/16/08 11:05 AM

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fed rate cut: Interest Rates & Other Economic News - 05/05/08 08:28 AM

INTEREST RATES AND OTHER ECONOMIC NEWS: The Federal Reserve lowered short-termrates again by 25 basis points...a poorly kept secret. The Committee's accompanyingstatement hinted that this might be the last reduction for some time. The economylost another 20,000 jobs in April, but this was better than expected. Unemploymentfell to 5.0%, even though … (0 comments)

fed rate cut: This Week In The Mortgage Market - 05/03/08 06:54 AM

Mortgage bond prices rose last week pushing mortgage interest rates lower. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data released came in as expected with … (0 comments)

fed rate cut: Fed Reduces Rate to 2 percent; Predicts Moderate Inflation - 04/30/08 05:45 PM

The Federal Open Market Committee decided today, April 30, 2008 to lower its target for the federal funds rate 25 basis points to 2 percent.
Recent information indicates that economic activity remains weak. Household and business spending has been subdued and labor markets have softened further. Financial markets remain under considerable stress, and … (3 comments)

fed rate cut: The Daily Bond report for Tooele and Salt Lake real estate Markets - 04/30/08 02:07 PM

Wednesday, April 30, 2008
"Economic activity remains weak". Really Fed Chairman? I Mean Really? Today's .25% rate cut came as no surprise to the market today. Most of the comments about the risk of inflation and lack of a robust economy didn't either. The good news is that both the DOW and … (0 comments)

fed rate cut: April Newsletter - 04/28/08 06:25 PM

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fed rate cut: Fed Rate Cut Likely As Inflation Rears It's Ugly Head - 04/28/08 04:08 PM

Fed rate cut is possible on Wedsnday, which will lower the rates on your credit cards, home equity lines of credit, and automobile loans to 5%. Most are anticipating a small interest rate cut of one quarter percentage point, since inflation is looming around with higher energy costs, and food prices … (0 comments)

fed rate cut: Mortgage Rates Fall During Week - 03/20/08 03:35 PM

This week there has been a number of huge factors contributing to the recent decline in mortgage rates. The Fed has lowered interest rates by 0.75 percent, JP Mortgage purchase Bear Sterns and Fannie Mae and Freddie Mac are pumping $200 billion into the housing industry.
The 30 year fixed rate … (0 comments)

fed rate cut: Fed cuts rate by 3/4 of a point - 03/19/08 07:52 PM

Yesterday the Fed cut the Federal funds rate by 3/4 of a point. The Dow Jones proceeded to shoot up some 400 points. Today it dropped nearly 300 points. Another Wall Street rollercoaster ride. I hope that one of these days it settles down.
At least with these interest rate cuts, it encourages … (5 comments)

fed rate cut: Fed Rate Cut – Mortgage Rate Affect - 03/18/08 04:49 PM

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fed rate cut: The Great American Puppet Show, ACT II - 02/02/08 12:04 PM

Do They or Don't They?
We open this Act with the Fed cutting rates by 50 basis points and wondering what it is they know that we do not. Do they have access to economic data before it is released? Is Ben acting on popular opinion in the markets? Is the … (3 comments)

fed rate cut: The Fed Lowers Rates 50 Basis Points-& Its Affect on the Las Vegas High Rise Market - 01/30/08 10:02 PM

The panic that the Federal Reserve showed today regarding the meltdown of the derivative markets was evident as they dramatically lowered rates again after they lowered rates last week by an unprecedented 75 basis points. Helicopter Ben Bernanke is at it again. He is disregarding inflation with current monetary growth of over 15% … (3 comments)

fed rate cut: Understanding Mortgage Rates- Why a rate cut by Fed leads to higher mortgage rates - 01/30/08 09:35 PM

Hi to all!
Today the Federal Reserve Board cut Fed Funds rate by .50% to 3%. Mortgage rates actually went up a little bit. Why?
It is actually a little scary how often I see the so-called "experts" on CNBC state that lower rates by the Fed will lead to lower long … (9 comments)

fed rate cut: Let's Get Busy - 01/30/08 09:13 PM

Make sure your tray is in the upright position and your seat belt is fastened because this is becoming a wild ride and you should sit back and enjoy the ride. What ever you do don't fight it. Now that the Fed is back in the game and has, in my … (1 comments)

fed rate cut: Search Austin, Texas - 01/30/08 04:07 PM

The Fed. cut rates for a second time in just over a week. This is great news for anyone thinking of buying or refinancing a property. One of the things that I will share with you is Austin is an annomoly in the housing market. Much of the country is experiencing … (0 comments)

fed rate cut: Second Fed Rate Cut This Month - 01/30/08 03:27 PM

Future Planning Financial
Strictly Mortgage
For the second time this month the Federal Reserve has slashed key interest rates in hopes of stimulating the U.S. economy. Although the rate cut does not tie directly into mortgage rates, mortgage rates have been on a downward spiral for the past month.
One week … (0 comments)

fed rate cut: Fed Rate CUT--What NEXT? - 01/27/08 07:13 PM

The good news of the Fed Rate cut is that it really did stimulate action in the home equity and refinance world!
An investment banker friend in London emailed me on Monday night to say that she was watching the market dive ...so come Tuesday I was only slightly less dazed than some … (2 comments)

fed rate cut: The Great American Puppet Show - 01/25/08 02:53 PM

Rates, The Fed and Apple Pie, too.
As we paused to reflect on Martin Luther King, Jr. day the rest of the world was having a financial melt down. Why? Well, it seems they were worried about us. Record foreclosures, billion dollar write downs and the threat or realization of recession. … (2 comments)

fed rate cut: The Fed Rate Cut and What it Means - 01/24/08 10:56 PM

The Fed made a significant move the other day with an emergency Federal Funds rate cut of 75 basis points. The move was made after global financial markets sold off in dramatic fashion and the Dow Jones industrial average opened down 450 points.
It appears that finally the Fed is taking significant action to … (1 comments)

fed rate cut: INTEREST RATES HIT 4 YEAR LOW-REFINANCE OR CONSOLIDATE DEBT NOW - 01/23/08 08:11 PM

NOW MAY THE BEST TIME TO REFINANCE. Seriously, no hype. After the Fed's rate cut, mortgage rates precipitously declined. The 30 year fixed rate hit a low of 5.125 and the 15 year fixed rate hit 4.75. These are par rates, excellent credit, and 80% LTV-based on a purchase. Once the … (0 comments)

fed rate cut: What the FED rate cut REALLY means... - 01/23/08 12:09 PM

There has been so much talk over yesterday and today and I keep being asked by others, “what will the FED rate cut do to mortgages”… The answer to this questions is different EVERY time the FED cuts rates… You see it is NOT the rate cut that effects mortgages, the … (2 comments)

fed rate cut: Does the Fed rate cut impact foreclosures? - 01/22/08 10:25 PM

Interest rates are going down, that should surely affect mortgage rates and therefore foreclosures, right? Not so fast.
The Federal Reserve interest rate cut by ¾ of a percentage point today means that short term interest are lowered. The effect on long term interest rates is not quite clear yet. … (0 comments)

fed rate cut: Huge Fed rate cut - 01/22/08 04:36 PM

Today the Fed cut the federal funds rate a huge 3/4% . This is the biggest rate cut they have made since the the early 1990s. You can read more about it in USA Today. The announcement didn't seem to help the markets much as the Dow dropped below 12,000 and world … (5 comments)

fed rate cut: After Fed Rate Cut, WHAT"S GOING ON ? - 12/13/07 06:18 PM

It's been two days since the Fed Rate Cut, and many of us in the Lending business are sitting here Wondering just what is going on. In fact, just before I started my blog post today, I answered a question from Q&A on the same subject. The party was questioning Why … (0 comments)

fed rate cut: Fed Rate Cut - 11/25/07 10:12 PM

It was just announced that the Fed cut the Federal Funds Rate by 25 basis points, or .25%. This means that the Prime Rate will also be cut by .25%, thus making the Prime Rate effective at 7.5%. This is the second cut in two months, the first one was in … (0 comments)

fed rate cut: Time is on my side...yes it is... - 11/07/07 06:34 PM

"Time is on my side...yes it is" - Rolling Stones. Mortgage prices were jostled and bounced around throughout a wild week of economic news and Fed moves. But in the end, time was on the side of those who were patient, as pricing finished the week right about where it … (0 comments)

fed rate cut: Halloween Fed Rate Cut ... Trick or Treat? - 11/01/07 08:46 PM

The Federal Reserve gave us a .25 basis point cut as a treat on Halloween but their comments were more like a sour apple. The stock market and the bond market had already factored in a .25 basis cut but what everyone didn't factor in was the statement that followed. The … (2 comments)

fed rate cut: Halloween Fed Rate Cut ... Trick or Treat? - 11/01/07 08:45 PM

fed rate cut: What are fixed mortgage rates based on? - 11/01/07 12:15 PM

Many loan officers dont even know the answer to this one. Fixed rate 1st lien mortgages are based on Mortgage Backed Securities, or Mortgage Bonds. They have nothing to do with the prime rate, or the 10 year T-bill (even though many loan officers continue to think that they do!) Also, … (3 comments)

fed rate cut: FED Cuts Federal Funds Rate by .25% - 10/31/07 04:12 PM

Contrary to what you'll be hearing in some of the media outlets, this .25% cut in the funds rates does not equal a .25% cut in long term interest rates. Yes, it will affect short term rates like the Prime rate (this is the rate a lot of the Home Equity Lines of … (1 comments)

fed rate cut: Fed Cut is Good News for Those Who Act Fast - 10/31/07 03:44 PM

Today the Fed announced its second consecutive decrease in rates, cutting another 0.25% from the Fed Funds Rate. This change could directly impact millions of American borrowers.Are you one of them?
Adjustable Rate MortgagesIf you currently have an ARM that is scheduled to reset in the next 14 months, then today's … (12 comments)

fed rate cut: Fed Rate Cut October 31st - 10/31/07 03:16 PM

Today's FOMC adjournment brought us the expected quarter point rate cut that was expected by many, but the post-meeting statement created concern about inflation. The Fed referenced the weak housing market as a contributing factor to the change in short-term interest rates, but also indicated that inflation remains an issue, particu … (5 comments)

fed rate cut: Fed Cuts Interest Rate to Help Housing - 10/31/07 02:42 PM

The central bank cut its federal funds rate from 4.75% to 4.5%. The rate is what banks charge each other for overnight loans and affects everything from auto loans to credit card rates.
A few of out prior posts about interest rates were:San Diego Home Values Fall 5.6% & Sales Drop … (0 comments)

fed rate cut: Big FED rate cut - 09/29/07 04:46 PM

A little over a week ago the Federal Reserve made an aggressive 1/2 point rate cut to the federal funds rate. This will help to lower the interest rates on many of the HELOCs (home equity lines of credit), business credit lines, and credit card rates. As rates drop, monthly interest payments for these variable … (3 comments)

fed rate cut: Fed Rate Cut, Why Aren't Rates Lower? - 09/24/07 09:53 PM

So the Federal Reserve cut rates last week by .500%. Many of my customers have been calling expecting a lower interest rate. And even more of them who have been waiting to refinance out of their ARM are now puzzled as to why mortgage rates have not moved lower during the recent … (3 comments)

fed rate cut: Will the Fed Regret Cutting Rates? - 09/20/07 11:10 AM

With the 50 basis point cut on the Fed Funds Rate, what is going to happen, and could it ultimately have the opposite effect?
Sure, it will help many ARM holders, as well as those with HELOCs, credit card balances and some others. But what about the long run? It hurts those … (5 comments)

fed rate cut: FED cut probably won't help the current situation much....what's your take? - 09/19/07 02:28 PM

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fed rate cut: Fed cuts interest rate! Increased market energy! First-time home buyer incentives! - 09/18/07 10:23 PM

Great news came today from many fronts in the St. Cloud area Real Estate market.
First, and most obvious, Federal Reserve Chairman, Ben Bernanke announced a 1/2% key short-term interest rate cut! There is wide acceptance that this cut was meant to re-energize the housing and mortgage markets to help curb the fall in … (2 comments)

fed rate cut: The Fed dropped rates - so what??? - 09/18/07 06:59 PM

Twenty minutes after the Fed dropped rates .50 basis points i get a solicitation in my email box from a newspaper ad salesperson stating " interest rates drop 1/2%, now is the time to advertise"...... I got news for you - Mortgage rates did not fall by .50% -------
The … (2 comments)

fed rate cut: Special Fed Alert- Bernanke announces 50 basis point Fed cut!! - 09/18/07 01:47 PM

The Federal Reserve cut a key interest rate for the first time in four years, seeking with an aggressive half-point move to prevent a steep housing slump and turbulent financial markets from triggering a recession.
The long awaited Fed decision arrived with a bang! The Fed surprised many economists and … (0 comments)

fed rate cut: News Flash: Fed cuts rate more than expected. - 09/18/07 01:27 PM

This just in...watching CNN and they covered the announcement that the Fed has cut the prime rate by .5 % to 4.75%. Part of the equation was the looming $ 50 Billion in ARMs due to reset in the next month. The bond market was expected to react quickly to the … (4 comments)

fed rate cut: Federal Bailout in the Works? Could Modified Option ARMs be the Savior? - 08/29/07 09:46 PM

Ben Bernanke, our beloved Federal Reserve Chairman, wrote a letter to Senator Charles Schumer (D-NY) that was released today. In the letter, Mr. Bernanke wrote that the private sector and Congress should create new, affordable mortgage products that would help some homeowners refinance their mortgages and keep their homes. Sounds like … (5 comments)