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We’ll have to call it Green Tuesday from now on – or Fat Tuesday comes to November. The Tuesday before Thanksgiving was the announcement by the Federal Reserve of actions that are bringing back demand to the Mortgage-Backed Securities (MBS) Market. 
Yesterday the Federal Open Market Committee unanimously voted to reduce the benchmark rate to 1%. The prime interest rate (rate consumers borrower at) will likely follow. The .5% dropped brings the fed funds rate to a half a century low.
In the midst of the financial crisis, I have read articles and comments online that are inaccurate. I have seen people misquoting terms and making false connections. Hopefully, this will clear some of this up.
I think we all keep wondering when the bottom will hit or if it has already happened. Unfortunately, this is one of those areas that we won't know when the bottom hit until long after it has happened. Then we'll be able to look back and see with certainty when it … (6 comments)
What to Look For in Technicals?
* Find the Trend
One of the first things you'll ever hear in technical analysis is the following motto: "the trend is your friend." Finding the prevailing trend will help you become aware of the overall market direction and offer you better visibility—especially when … (0 comments)
The Fed Funds Rate is currently at 2%. Where do you think the Fed Funds Rate will be by the end of the year?
Early this year, the " FED " - FOMC (Federal Open Market Committee) again slashed interest rates another 3/4 of 1 percent to 2.25%
The Federal Reserve Open Market Committee will adjourn its first meeting of the Summer today, and is expected to make an announcement at 2:15 PM regarding its decision to raise or lower interest rates. At this point, virtually no one in the investing world expects the Fed to make any changes … (5 comments)
Early this year, the " FED " - FOMC (Federal Open Market Committee) again slashed interest rates 3/4 of 1 percent to 2.25%
A great mind exited the FOMC yesterday.
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)
Mortgage markets lost ground last week on inflation concerns and a general feeling that "the worst may be over" on Wall Street. 
No. The Federal Funds rate went down. This is a short-term interest rate so it affects the shortest term interest rates first. Credit cards and Home Equity Loans are based on an index that can change at a moments notice. These types of accounts will be affected first.
While the Fed Futures were expecting a full point, the Fed undershot them with a .75% cut instead. The Federal Funds Rate now sits at 2.25%, the lowest since December 2004. In its statement, the Fed said downside risks remain and it would act in a timely manner if needed. 
Welcome to this week's Illinois Mortgage Rates and News week in review, my take on the week's financial news and how it affected Illinois mortgage rates. 
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)
Announcing that they were taking the extraordinary action of changing rates between their periodic Federal Open Market Committee meetings, The Fed early this morning dropped the Federal Funds rate by 75 basis points, or three-quarters of a point.
Acknowledging the growing concern over a recession which was cemented by the August jobs report, the Fed cut both the Fed Funds and the Discount Rate today by one half point. Here is the text of the statement:
The Federal Reserve (The Fed) will soon publish its latest "Summary of Commentary on Current Economic Conditions by Federal Reserve District" or "Beige Book". It will give a snapshot of the current economic conditions in each of the 12 Federal Reserve Districts. The report is published two weeks prior to the Federal … (0 comments)