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Blog entries tagged with "federal reserve":
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The Fed did this! The Fed did that! Rates are up! Rates are down! Aaaagggh! Okay, now exhale. In turbulent economic times the media can’t wait to report what interest rates are doing. Pundits prognosticate, forecasters forecast and soothsayers sooth. When should you buy a home based upon interest rates and … (0 comments)
I read this article and thought you would find it interesting and very appropriate for today's market. I will restate something that is stated in the article below...Now is a great time to buy. There are some people that feel they should wait to see if homes prices will come lower. … (5 comments)
Four times annually, the Federal Reserve surveys 84 different banks about general banking conditions.One of the survey questions asks about current mortgage lending standards and whether they are loosening or tightening.The chart at right is from the April 2008 survey and it illustrates what we already know: It's getting tougher and … (1 comments)
Which industry has the biggest impact on mortgage origination volume and Real Estate Sales?
- New home construction
- Technology and software
- Federal spending
- Sales of existing homes
- Credit card lending
I would bet that in these economic times that it is the last one. Why? We have … (0 comments)
The Federal Reserve dropped their short term Federal Funds Rate an additional .25% last week which brings the total adjustment of 3% since the fall of 2007. The questions remains, why are mortgage rates not dropping in sync with the Federal Funds Rate?Click on the link below to watch a CNBC video which … (0 comments)
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)
Hello again to all my Real Estate Partners
The Federal Reserve is blowing it. Inflation is at 4% and they continue to dig an economical pit by cutting rates. 
Interest Rate Update The Federal Reserve cut short term interest rates by 1/4% Wednesday in a continuing effort to stimulate the economy. The published policy statement issued by the committee also indicated that this could be the last rate cut. This statement is actually good news for the Treasury Bond Market which … (3 comments)
The Federal Reserve cut interest rates today .25%, for the seventh straight time since September of last year. This is the lowest federal funds rate since 2004. Many experts believe that the Fed is done cutting interest rates and will begin a new watch-and-wait policy. This new policy is due - … (0 comments)
For those of you who don't already know, the federal reserve cut another 25 basis points today. No big surprise, as that was what the market was calling for. It's great for business, and the aggressive cuts should certainly help out all of us in real estate, but there are a … (9 comments)
This just in.
I know the media really hypes the rate cuts of the Federal Reserve, but have they impacted your real estate business in a positive way? Have the phones started ringing with buyer calls on recent rate cuts? Are you clients getting incredible financing? In the Atlanta area I've not noticed any … (22 comments)
To all: Fed Focus The Fed has been walking a delicate line of trying to stimulate the economy without stoking inflation too much. Unfortunately the Fed is faced with continued signs of economic weakness amid rising price pressures. Most analysts believe the Fed's biggest worry is the stumbling economy and will therefore … (1 comments)
The Federal Open Market Committee (FOMC) is meeting today and tomorrow and it is widely expected that Bernanke and Company will cut the Fed Funds rate another 0.25%. What does this mean to you as a consumer or someone looking to purchase or refinance a home today?
As a consumer, not … (0 comments)
<George Bailey during the run on the bank> "You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's house...right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others. Why, … (1 comments)
SO many people believe the Federal Reserve controls our interest rates. If the public hears the prime rate was lowered or the discount rate was lowered, the phone start to ring at mortgage companies. How many of you know that what really drives the rates is: How the overseas investors view … (3 comments)
To help deter the credit crisis the Federal Reserve decided to buy packages of loans known as CMOs or CDOs.
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
By Angel Sherlin of Greater Chattanooga Lending, Guest Mortgage Author 
The Mortgage Adviser
The following is from the Florida Association of Mortgage Brokers but it applies to Mortgage Professionals in every state. If you are a member of your state's mortgage broker association, visit its web site as I am sure they will have a similar Call to Action. I apologize in advance if … (1 comments)
Mortgage rates were up last week on weak housing data and a growing nervousness about mortgage bond quality. Rates would have been up more if not for a tame inflation reading Friday. The Personal Consumption Expenditures report fell Friday to 2.0% year-over-year, putting it back within the Federal Reserve's comfort zone … (0 comments)
Is it me or did we come terribly close to being in 1929' on March 16, 2008. For those who are not aware (and many are not) Bear Stearns is an investment Bank a securities trading and brokerage Bank! 
The administration proposal, which will be formally unveiled in a speech Monday would designate the Fed as the primary regulator of market stability. The plan proposes a business conduct regulator who would be in charge of overseeing consumer protection issues and eliminate the distinction between banks and thrift institutions, so that Fed Chairman … (4 comments)
While consumer spending has backed down consumer borrowing is apparently increasing. 
Conforming mortgage rates edged slightly lower for the second week in a row. Mortgage rates fell for two main reasons:The Federal Reserve offered fiscal support for troubled mortgage-backed securities A government group gave Fannie Mae and Freddie Mac permission to lend more of money to American homeownersThese two actions combined to make mortgage-backed … (0 comments)
Today 3/20/08, Freddie Mac reported that the average mortgage interest rates for 30 year and 15 year fixed-rate interest rates have dropped. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 5.87% (5.84% in the southeast), down from 6.13% a week ago. The average interest rate for … (0 comments)
… (0 comments)
This means that rates are potentially going up, since the feds funds rate which was just cut, mainly applies to corporations on the bank investor. The ten-year treasury note is tied in directly to the bond investor,(not the fed funds rate as is commonly thought) and that is what causes mortgage rates … (1 comments)
By Dustin R. Burke, Adonai Financial
Why don't they just make it zero and get it over with. The economy cannot be bailed out by the fed alone. Additional measures need to be taken. It could be time for the government to step in and start taking write downs on some of these mortgages....
I may get some interesting comments in regards to this post, but there needs to be some reasonable commentary in this sea of hysteria. Let's face the fact's everyone, the mortgage and real estate markets in certain states were simply out of control. Rampant market inflation, and very little regards to … (10 comments)
The Federal Reserve took extraordinary steps this weekend to stabilize the credit markets. The first Blockbuster move was that it facilitated J.P. Morgan Chase'sacquisition of the Giant Wall Street investment bank Bear Stearns for $2/Share(!?!) Makes me wonder what we don't know. . . Now, I'm for free markets, and normally … (5 comments)
In another sign that things are not what they should be with the economy, the federal reserve has cut a quarter point off a key rate today - SUNDAY - and has also announced that it will lend money to cash strapped Banks.
The Federal Reserve cut its "discount rate" by 0.25% to 3.25% today (Sunday). The discount rate cut means it will only be a quarter point over the fed-funds rate of 3%, which remains unchanged. It also announced a new lending program designed "to improve the ability of primary dealers to provide financing to … (2 comments)
Most of us knew this sad day would come. The feds announced earlier today that it is going to bailout Bear Sterns with the assistance of JP Morgan Chase (Chase Manhattan). 
This is big (and positive) news for the mortgage and real estate industry. The Federal Reserve has agreed to loan as much as $200 Billion (with a B) in Treasury Securities to the mortgage-back securities market for loans backed by Fannie Mae and Freddie Mac.
Washington, D.C. - February 13, 2008 - The first redesigned $5 bill, which will continue to feature the portrait of President Abraham Lincoln, will enter circulation today and will be spent at the gift shop of President Lincoln's Cottage at the Soldiers' Home in Washington, D.C. The venue, which has recently been … (5 comments)
Does any one have the feeling that the folks in charge may not know what they are doing? One minute we have the Federal Reserve indicating that it is going to drop their rate to banks by 75bp and the next minute they are teaming up with European banks and lending … (2 comments)
A lot of media attention has been devoted to the Federal Reserve, the potential recession and the warning signs of inflation. As we approach the next meeting of the Federal Reserve and digest their action to buoy the bond market today, it is a good time to review what they do … (0 comments)
Will consumer spending save the day, as UCLA economists say? I don't think the foreclosures however are related just to falling prices and escalating interest rates, the majority are related to the loans these borrowers obtained and could not sustain when their payments changed, "falling prices and escalating interest rates" is just … (0 comments)
It is obvious, most agents are not that well versed in the approval process. 
The chairman of the Federal Reserve, Ben Bernanke, has called for mortgage lenders to reduce the principal of mortgage loans for those homeowners who owe more than their homes are worth.
3/1/08 
I wrote this article for a local publication that many found useful:Why Mortgage Rates Don't Go Down? How the Federal Reserve is connected to Mortgage Rates Mortgage Rates - Determined by 10yr Treasury bond... Fixed Mortgage rates follow the direction of the 10 year Treasury bond. If the 10 year bond goes … (3 comments)
Fed Chair Comments start slight bond rally! by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, MO
If anyone at this point can identify how long it will be until we stop seeing this national epidemic of foreclosures, I’d sure like to know. According to RealtyTrac there was a 57% increase in foreclosure filings nationwide in between January 2007 and January 2008. Also, according to Les Christie of … (2 comments)
Looks like Ben Bernanke is going to be meeting with Congress today where he will give a good assessment of today's economy. Aside from the fact that we are getting crushed by the housing bust, credit crunch, and soaring energy prices, we are in good shape. Well, not really. It is … (0 comments)
So, the Fed has 'cut the rates' - twice no less - what exactly does that mean to those of us who have/want mortgages? 
Refueling the Housing Bubble? By NAR Chief Economist Lawrence Yun 
Crazy week is sort of an understatement for the amount of economic insanity we've seen this week. Where to even begin.Let's start with oil, black gold, Texas tea. After a larger than expected build in Crude Oil inventories, the price dropped on Wednesday to roughly $87 a barrel. I can't believe … (0 comments)
January 31, 2008 - The Federal Reserve Board approved another .5% discount rate cut for Richmond, Minneapolis, and Dallas. Effective immediately the discount rate will descrease from 4% to 3.5%. Homeowners, including new purchasers and those refinancing, are hoping this will have an indirect effect on mortgage rates bringing the 30 … (1 comments)
Just checked the rates for a customer of mine here in Dalton, Georgia and was quoted 5.875. I was told the rates had actually went up since this morning. I've got so many customers watching the news seeing the Feds drop the rates and thinking they can pick up the phone … (0 comments)
The Federal Reserve cut interest rates again this month in hopes to fend off a recession. While many celebrate this event, it is not always good news for all. Check out what CNN finance editor has to say >>> What does this mean to me? Then -- let me know if I … (0 comments)
I wish I knew!! The Fed cut short term rates another 1/2% today and the stock market rallied, then pulled back - the Dow down about 34 points. Mortgage Backed Securities (MBS) traded down slightly in the hours after the Fed cut - down about .125 discount points. What are investors … (0 comments)
The following article is provided courtesy of Wendy Olson, Home Loan Consultant with Countrywide Home Loans in North Conway. It's a very informative piece regarding the 4 major interest rates that are affected by the Federal Reserve. Good reading! 
The Federal Reserve cut the Federal Funds interest rate by 1/2 point and the Discount Rate also by 1/2 point. The one is the rate of interest when banks borrow from the Federal Reserve, the other is when they borrow from each other. There were two quick financial responses.In the first … (6 comments)
Federal Reserve Cuts Federal Funds Rate Yet Again:
It's Fed Day! Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, the Federal Reserve Open Market Committee (FOMC) cut key interest rates again, the fifth straight cut since September 2007. In its statement last week, the Fed said it had decided to cut … (2 comments)
If you have been in this business long enough, mortgage professionals always regret the day that the FOMC meets to discuss rate cuts. The main reason is that consumers are not educated enough to understand the real role of the FOMC and the impact on mortgage rates. I like many of … (1 comments)
There is a lot going on this week. Many are watching presidential candidates, football teams, and even who will be sent home on American Idol. As for Legacy Mortgage Home Loan Consultants, we also have our eyes on the Federal Reserve, and what they have to say at the end of their two day meeting today.The … (0 comments)
At the risk of sounding like a complete freak show...Yippee! Today's the day we'll get the word as to whether the Federal Reserve will lower the fed funds rate once again. Many Traders are speculating another .25bps - .50bps cut this week & our team is anxiously awaiting!! Does this mean … (3 comments)
As a mortgage consultant, I have been inundatedwith questions, conference calls, emails about the market and the rates this week. Yes, it has been a turbulent time. As an optimist, there is no better time to call all of my clients, friends and family to ensure their best interests are taken care … (7 comments)
January 26, 2008 - Every time the Federal Reserve cuts the Fed Funds rate, as they did by .75 percent the other day, mortgage companies are deluged by calls from borrowers with loans in process hoping they can get a better rate. Most of the time the answer is no! Don't … (5 comments)
.....AND THROW IT IN THE TRASH!!!
The Federal Reserve announced a key interest rate cut on Tuesday, with an emergency intersession rate cut of .75%. This cut was made in direct response to recent reports that the country is on the brink of recession and plummeting Dow Jones industrials. At one point last week the Dow Jones … (2 comments)
Rates are predicted to be cut again when the Federal Reserve meets at the end of this month. Many believe Tuesday's action was taken because of a dramatic downturn in the stock market, where the Dow dropped 464 points, the worst single day drop since September 11, 2001. Since the Fed's … (0 comments)