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Blog entries tagged with "federal reserve":
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It really is becoming a better time to buy a home. Over the past two days, actions by both houses of Congress to reform FHA programs, and the Federal Reserve to decrease interest rates, should make borrowing more affordable and money more available. With reduced housing prices and increased housing inventory, … (0 comments)
For more proof that the Fed does not control mortgage rates, consider this:
In the immediate aftermath of the Fed's decision to lower the Fed Funds Rate by 0.50%, mortgage rates improved by about 0.125% on average.
But, in the two days since, mortgage rates have not only given back … (5 comments)
… (0 comments)
With the advent of Sir Greenspan's 17M parachute book deal...let's really take a look at his beautiful legacy. 
I never honestly thought the rate cut would make a big difference in lending or for the rates charged to our buyers. Well maybe it does on the lending side because they can now make more money offering the same rates or, charge more in fact. The new rate is what the … (5 comments)
On a day that Forbes came out with the 400 richest Americans, Bill Gates celebrates as number one yet again! However, that celebration can't be carried over to Main Street or Wall Street. Here are a few important articles that were published today:
Fed Chairman Bernanke today recommended that any limits on increasing the value of mortgage, for Freddie and Fannie portfolios be temporary, perhaps for two years.
With the 50 basis point cut on the Fed Funds Rate, what is going to happen, and could it ultimately have the opposite effect?
As most people are aware by now, the Fed, in a very wise move, decided to drop interest rates. As good as this news is I want people to understand that it DOES NOT mean that your interest rate will drop by the amount that it was lowered or even any … (0 comments)
So I was out on an appointment with an exceptional Realty Executives of Southern Arizona agent, and when I got back to my office I found one of those little yellow stickies saying "Call Christy at the newspaper". 
I think the Federal Reserve surprised a lot of us yesterday with the 1/2 point rate cut they chose. I, for one, thought they might trim the rate by 1/4%. Obviously, the Federal Reserve is concerned about how the mortgage crisis has affected the overall economy. And this is a good … (3 comments)
For weeks now I have been musing over why the Fed hadn't lowered the rate. I saw the foreclosure rate soaring, property values dropping, interest rates climbing, and mainly just a lot of pain on "Main Street". I was screaming for everyone I believed by blogging here and complaining that the … (2 comments)
Hello,
The much awaited meeting of the FOMC (Federal Open Market Committee....aka: "The Fed") occurred today, and Bernanke and company reduced the Fed Funds rate by 1/2% as well as the Discount Rate by 1/2%. While this does not immediately translate into the same reduction in mortgage interest rates, it could signal the … (3 comments)
The Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point! This news has elated home buyers and home owners across the country. What does this mean to you? If you have a revolving HELOC, it has been at 8.25%, today it dropped to 7.75%, and you didn't have … (0 comments)
I know many of you write "Thank You" cards to all your clients. You may even send some to prospective clients.
I guess everyone is breathing a sigh of relief with the Federal Reserve cutting the rates 1/2% today. Not only did the Fed cut the rate, they exceeded the anticipated cut of 1/4%. So what will that mean to us that work real estate? Will it have an immediate impact on … (52 comments)
Two important things happened today - H.R. 1852 passed in Congress and the Federal Reserve cut interest rates.
The Federal Reserve voted to cut the Fed Funds rate by a half-percentage point to 4.75 percent. This is the first time the central bank has cut the fed funds rate since June 2003. 
Today, September 18, 2007 the Federal Reserve cut the interest rate that banks charge each other by a half a point, the first drop of this rate in 4 years. This was done to prop up the slumping housing market and head off any possibility of a recession. The actual drop … (0 comments)
YAHOO!! Rates are going down!!! We'll aren't they? 
If your Buying or Selling St. Louis Real Estate you better pay close attention to this advice!
I hoped for a rate cut of that magnitude, most were betting on a smaller, quarter-point cut in the federal funds rate. The Fed responded to the spreading impact of credit market problems on the rest of the economy.
Fresh from the Washington Post: 
Man oh man
The yield on the benchmark 10 year Treasury note climbed ten basis points through the course of this week as a government report showed U.S. sales figures were weaker than expected. Consumer sentiment and consumer confidence in these troubling economic times has finally rebounded from their lowest points in the year … (9 comments)
High Risk Credit
Brian Brumpton
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A few days ago I commented on the Seattle-King County snafus regarding "commercial paper" and the subsequent loss of millions of dollars.
Many investors were surprised today by the results of the Federal Bureau of Labor Statistics' Employment Report. While the ADP report on Tuesday had suggested potential weakness in hiring, the BLS report indicates that the economy lost ground in employment last month, and that the good growth seen in July and … (1 comments)
Several steps were announced that help may be on the way for homeowners with adjustable mortgages that are resetting to higher monthly payments. 
NEW YORK (Fortune) -- Wall Street loves to talk about letting financial markets weed out the weak. But when the Street itself gets in trouble, it sticks out its little tin cup, asking for help. And gets it. The subprime-mortgage-market meltdown is a classic example of the way small fry get … (2 comments)
About ten days ago, I read with great interest a post by a Florida real estate agent and member of AR who wrote a very convincing blog post which argued that new Federal Reserve Chairman Ben Bernanke will single-handedly rescue America from the "laxity" of the Greenspan era. And if you … (10 comments)
Lee County General Meeting
If you did'nt realize the magnitude of the problem, that predatory lending and the foreclosure meltdown is causing, take note. The Federal Reserve's cash infusion of $38 billion and the cutting of the discount rate has yet to stem the bloodletting in the mortgage industry. The high mortgage delinquency rate continues to … (1 comments)
Taken from a previous posting 8/22/2007 for the Oahu Real Estate Blog by Yvonne Jaramillo Ahearn. I won't pretend to be an expert in United States financial policy and ecomomics (nor in mortages either, though I can always refer you to some people who are experts in this). I have as … (2 comments)
FDIC the "C" stands for corporation. The Federal Reserve is a quasi governmental agency. The definition of "quasi" is seemingly so, but not really. In fact, the Fed is not even American. Having said that, your bank savings are probably insured by the FDIC up to a certain amount. As of … (0 comments)
The Federal Reserve Chairman Ben Bernanke called an emergency session Friday and announced a .5% discount rate reduction about 90 minutes before the opening bell. The futures trading prior to the announcement showed a much weaker opening before the announcement and quickly reversed once the Fed move circulated.
Looks like some relief is finally arriving for the mortgage market. The following has been taken from a recent news article on this subject. See the entire article @ http://bloomberg.com/apps/news?pid=20601087&sid=aE1A7RkmKsag&refer=home
On Friday the Federal Reserve cut the interest rate on in its discount rate on loans to banks Friday, a dramatic move designed to stabilize financial markets roiled by a widening credit crisis. The decision means that the discount rate, the interest rate that the Fed charges to make direct loans … (0 comments)
The U.S. economy over the past 230 years has experienced 3 to 6 depressions depending on which historian you consult. The big three 1837, 1893, and the mother of them all 1929. The disputed ones: 1857, 1873, and 1907. Each was triggered by a financial panic. The panic of 1907 began … (0 comments)
http://www.federalreserve.gov/boarddocs/press/monetary/2007/200708172/default.htm
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 … (7 comments)
Is there really a Silver lining in the continuing saga of mortgage lending woes ? As the blood letting continues in the subprime lending markets, secondary markets continue to weigh on mortgage lenders as well.
So, you wanna do something provocative and inspiring? Then check out Zeitgeist The Movie - http://www.zeitgeistmovie.com
I put up a post yesterday that generated a slew of response. I got a question from an ActiveRain member that I thought was worthy of responding to. In general, it was, "What's the Fed gonna do today?"
What is it with a name of Cramer or Kramer. The latest Cramer to go off the deep end in front of an audience was Jim Cramer from MSNBC and "Mad Money". Jim is the host of "Mad Money" and after the AFH debacle on Monday and news of the impending … (2 comments)
The Federal Reserve met this morning to discuss the current conditions of levels of inflation, energy prices, economic growth and projected 2nd half numbers for 2007. Outlook for 2008 projects more than "minimal" growth, a projection slated by Bernanke for the remainder of 2007 ...(read more from Marketwatch)
Rates on 30-year mortgages sank this week to a one-month low, while rates on most other mortgages also fell, good news to prospective home buyers.Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.63 percent. That was down from last week's 6.67 percent rate and was the lowest … (0 comments)
I’ve just come across a really neat online mortgage tool that you all should really take a look at. The Federal Reserve has an online mortgage comparison calculator that allows you to see what your payments and equity would be using six different types of fixed and adjustable rate mortgages. … (0 comments)
I was just driving home today from dinner when something dawned on me... Ben Bernanke, the head of the Federal Reserve Bank is holding the key to potentially saving billions of dollars in foreclosures and re-filling the real estate bubble, re-sparking the housing market, and giving us a booming economy again.
June 5, 2007-- When Ben talks, people listen. And I'm one of those people!! Some comments were released today from the Federal Reserve Chairman Ben S. Bernanke talked to the International Monetary Conference in Cape Town, Africa. I wanted to share with you what I thought were the more interesting comments. … (1 comments)
PREPARE FOR A VERY, VERY SLOW RECOVERY IN THE HOUSING MARKET.I found it unfortunate that Chairman Bernanke included "Subprime Lending" in this his report on the housing market this morning. The subprime lending market effects real estate sales to a degree but I don't believe that the subprime lending market controls … (9 comments)
Cedar Point's Top Thrill Dragster has a 420 feet (42 stories), 120 mph drop. It is a TOTAL blast for anyone who is a roller coaster fanatic like myself. But at least the Top Thrill Dragster stops. Mortgage bonds continue their downward trend in pricing / interest rate increases.
According to the Federal Reserve Survey of Senior Loan Officers at Banks:"About one-third of domestic institutions-a somewhat larger net fraction than in the previous survey-indicated that they had tightened lending standards on commercial real estate loans over the past three months. As in the January survey, 35 percent of domestic respondents … (4 comments)
For the seventh straight time the Feds didn’t change rates. However, they did say inflation was still a concern despite a slowing economy. This lowered Bond prices a bit over the course of the day yesterday.
The FOMC decided to leave short term interest rates the same (5.25%) for the 7th straight meeting. 
Ok, so I've been a loan officer for 20 years. I've followed the markets, as a good loan officer should. I've watched the trends and learned how and why markets react to various types of news around the world.
I found this article written by Marcy Gordon, AP, written in the NAR's 4/17 editions to be intersting. It talks about possible new loans to aid owners from possible deliquency situations. 
Please see the Bothell Housing Market category at AboutBothell.com for the most recent market reports.
… (0 comments)
The ticker feed from all wire services is reporting the financial tsunami of defaults on sub-prime loans. Bernake is reported to have "said that uncertainties over the economic outlook had increased, most notably the future trend in oil prices and a possible knock-on effect from the sub-prime lending crisis into the … (0 comments)
Every week, I send out an email to all local Realtors, titled, "Rate Knowledge going into the Weekend." It includes commentary on the current state of the market and mortgage interest rates and a list of rates and programs. I will also include that information here each Thursday, for anyone interested. It's a … (0 comments)
Understanding What Causes Interest Rate Movement
MORTGAGE NEWS YOU CAN USE
I keep an eye on news stories relating to the Fed, and periodically I will send bulletins to my customer/client base when they will affect interest rates. Yesterday, I saw some conflicting items. Bloomberg News had a piece suggesting that because the dollar weakening, the Fed was unlikely to raise rates … (3 comments)