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Blog entries tagged with "interest rates":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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Good Tuesday Morning!
The Federal Open Market Committee (The Fed) is meeting again tomorrow for the first day of a 2 day meeting. What they do in this meeting, and what they say when they are done, will help determine the direction of mortgage interest rates. Conventional wisdom is that they will cut the … (4 comments)
Word has it that the Federal Reserve could possibly cut rates again on Wednesday, Halloween day. This would definitely be a great Halloween Treat.
Fed Watch:Much of what happens rests on the cost of money. Lower interest rates grease everything from home sales to commercial loans which move the the economy at large. The Fed meets Oct. 30 to Oct. 31 and the lingering issues of the credit markets probably will give us another … (2 comments)
Good morning! It's an absolutely gorgeous day up here in the Pacific Northwest and I was thinking yesterday what a wonderful opportunity it is for consumers to buy a home right now.
I have posted a chart for Contra Costa County Real Estate Interest Rates from December 2001 through September 2007. This chart uses a 12-month moving average of data sourced directly from the Contra Costa Association of Realtors MLS.
Last Thursday night, I played tennis with a friend and after we went down to a local restaurant for dinner. While sitting at our table having a beer and waiting for our food, I couldn't help overhearing a man at the bar talking loudly about 'how horrible the Real Estate market is … (3 comments)
With Halloween fast approaching, the absolute prime buying season is at our doorstep - the Holiday market, from Halloween through the first few weeks of the New Year. Throw into that mix a drop in rates, choices not seen for buyers in years and a ton of pressure on pricing. … (0 comments)
We all have heard the financial media presenting information on the bond markets continually make erroneous assumptions about the relationship of mortgage interest rates with US Treasury Bond and Note prices. This happens because these financial reporters may understand the bond markets in general, but they are not mortgage experts and … (1 comments)
Well once again the rates have gone down a little bit more. I've noticed that business is definitely picking up. Can't be sure if its because of the better rates, but they sure don't hurt the market. I guess we'll have to wait and see if these keep coming down. The … (1 comments)
We have a shot, after many years of begging, to make some real advances in FHA REFORM, but we'll need the Senate and President's help. HR 1852 is currently sitting in the Senate Banking Committee, and according to my Senator ( Ms. Libby Dole who is on the committee) it might … (2 comments)
Rising oil prices, weak housing data, and ongoing credit concerns pushed mortgage rates lower last week as investors sought safety for their dollars. Stock markets took losses and bond markets -- including mortgage bonds -- booked gains. Remember, when mortgage bonds go up in price, mortgage rates come down. To understand … (2 comments)
I was reading that Democrats are going to introduce a new bill. This bill would set standard rules for lending across the country. One part of the bill would require lenders to be licensed. Another would require them to have due diligence when they check if a borrower is able to … (5 comments)
The Fed will most likely cut interest rates on the 31st at the conclusion of the FOMC meeting, and we now expect the Fed will continue cutting at each of the next four meetings to take the FF rate to 3.75%. 
The Federal Reserve will do whatever is necessary to prevent damage to the economy from the credit crunch that has gripped Wall Street, a Fed official said Monday, warning it will take time for financial markets to fully recover from the strains. 
Hi all --
The last few days have been hard in the stock market, but that has translated to improved mortgage rates. Bad news is good news for those in Real Estate!
Our in-house lender, Justin Whitney with Countrywide, spoke at our Team Meeting yesterday about some important info. He explained that the number of housing starts in Sept was at 1.19 million, which is down from 1.28 million that was expected. Also, the number of building permits issued decreased 7.3%. These numbers are the worst we've seen in 14 … (0 comments)
Rates continue to drop for those Americans with great credit. Provident is offering par pricing at 5.875%, that's smoking hot! You can also get a 6.125% par interest only rate as well. Jumbo 5/1 ARM's are pricing at 6.125%! These are just direct rates off their website, these in no way … (2 comments)
If you're thinking of buying a home, now is the time. With 888 homes and 257 town homes/condos on the market in Rochester alone, you have plenty to choose from, not to mention we have some motivated sellers out there. Also, keep in mind that interest rates are currently 6.05% (30 … (0 comments)
Canadian Mortgage Reports Canadian Mortgage Rates Today Oct. 16th
It seems like I am asked this and many other questions from both buyers and sellers on a daily basis. Are home prices going to continue their decline? Are interest rates skyrocketing back to 10%? Are lenders going to keep going under? What about foreclosures?
By:
… (0 comments)
Watching San Diego home mortgage rates, it seemed to me that they had
actually increased after the 1/2 percent Fed rate cut. To confirm this, I
contacted one of San Diego's largest home mortgage lenders. Here is his reply:
There has been a lot of changes with Fed cutting rates lately. I asked our local mortgage expert Vince Daino from NortheastCommunity Lending how this will impact home buyers. Here's whathe had to say:"Mortgage rates are moving targets. Recently we saw rates moveto their lowest point since May of this year. … (2 comments)
Todays rates are very much the same as yesterday..... rising just .125 on the discount point. After the release of the minutes of the latest FOMC meeting it gave investors reason to believe that there would be another cut in rate coming soon. This helped lead yesterdays stock market to a … (0 comments)
Homes are selling and money is cheap!We currently have 6.2 months of inventory which is the beginning of a buyer's market - there are about 16,000 homes on the market in Portland metro. Rates are at their lowest in 4 years and it's a great time to borrow money. All this … (2 comments)
Posted October 8, 2007
I think I am going to wait and see how low the market goes. That appears to be a common theme I hear from potential buyers and other agents tell me the same thing. If it is not that it is Why should I buy now? I answer that question with … (0 comments)
If you are thinking of buying now may be the best time ever. Call us for any real estate needs or questions you may have about the market. … (2 comments)
Why NOW is the BEST TIME to Buy a Home! 
Hello, here is the first blog from another new member of Active Rain!
So far in the Dayton suburb of Beavercreek there have been over $102 Million in home sales which spent an average of 107 days on market - that's 468 homes sold. Last year at this exact same time 467 homes had sold in Beavercreek with average time on market of 94 … (0 comments)
By Mike Kitchen, Mortgage Broker Heartland Home Mortgage
Bond prices are currently lower this morning on the heels of the ISM Services survey, which provides a non-manufacturing read on the economy. Overall, the index was reported at 54.8, just shy of expectations at 55.0. However, the 'prices paid' component of the survey showed some signs of inflation pressure. Currently … (0 comments)
Good news for Tyler and East Texas homeowners, the buyers are coming. We have seen a sudden increase buyers looking at homes in the last week. How much you ask, 350%. After a few weeks of slow activity, we have received a surge of activity, with contract numbers increasing as well. Interest rates have … (3 comments)
For those who don’t know, Alan Greenspan was the Chairman of the Federal Reserve Board from August 1987 through January 2006 and a very important person in the lives of those of us who make a living providing mortgages. Many people have blamed him for the subprime mortgage meltdown that is … (0 comments)
According to the Washington Post Writers Group and Realtor Magazine Online, currently, for most buyers, the mortgage market is "healthy".
I've been noticing an interesting change in markets lately. Historically, the spread, or difference, between 30-year mortage rates and 10-year treasury notes has been approximately 1.5%, however, recently that spread has increased to approximately 1.85%, an increase of about 3/8%. 
Home loan demand up as rates tumble
Recovery may not begin until 2011 or 2012 and will inflict serious damage on the nation's economy in the mean time. This spiraling down of American false-wealth and over extension of credit may be the final blow before ultimate national failure across all sectors of the economy. Sales of every consumer … (5 comments)
Should I buy? Prices are down. Interest rates are down. There's plenty of product to pick from. Seller's are willing to negotiate. Is there ANY reason not to buy right now?!Your primary home is just that - PRIMARILY a place to raise your family, break bread with your friends and … (1 comments)
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)
In my last entry I spoke about how the availably of loans has dramatically impacted the housing market. The explosion of the "sub prime" market fueled the explosion of buyers, dramatically increasing the number of buyers. But now many of those loans are unavailable, decreasing the number of buyers and slowing … (3 comments)
What are points? Points are mortgage loan fees which are shown as a percentage of the loan amount on your Good Faith Estimate. Points may be called "origination fee," "discount points," or "mortgage broker fee." Sometimes an origination fee or a mortgage broker fee may be designated as a flat fee instead of a … (3 comments)
Today's Announcement (9.18.07) about the decrease in the interest rates is huge to the real estate industry. This is helpful to most buyers that are in the debt ratio too high/moderate income level, who were getting turned down for loans. With the adjustment of the housing prices in the latter part … (2 comments)
In slower markets, some loan officers may feel pressured to close deals that aren't in the homeowner's best interest. In order to avoid getting into difficult and financially compromised positions with their mortgages, borrowers are well advised to be acutely aware of the signs of a responsible loan officer when selecting … (0 comments)
It is no secret that anyone getting a mortgage above the conforming limit of $417,000 is in for some sticker shock as the rates on non-conforming mortgage loans have gone through the roof. For instance, a typical 30 year fixed rate mortgage is about 6.375% (no points) right now versus about … (6 comments)
And like this old saying advises, Fed Chairman Ben Bernanke and his Federal Open Market Committee probably measured their decision quite a few times before making their recent .50% cut to the Fed Funds Rate. But if the Fed's history of making cuts and hikes in cycles continues - this cut … (0 comments)
Greetings all, we should see interest rate go down a little bit more in the next few weeks. One thing I can guarantee you is this....they won't stay this low for ever!! The day of double digit interest in in the future that is for sure. If you don't believe me … (0 comments)
After exactly ½ day on Tuesday, interest rates improved after the Fed cut their rates. It's been all downhill since then and mortgage interest rates for buyers and people refinancing have gone straight up.
We had a good news sprinkle over us this week when the Feds announced the discount rate had been adjusted. This comes as a welcome relief for many home owners and buyers. 
There seems to be a disconnect in the way the mortgage rates fluctuate and the actions of the FED. To learn about the FED go here http://www.barrysoard.com/about-the-fed.asp.Some economists say that dropping the interest rate may have a negative affect on mortgage rates because it could cause inflation which could cause mortgage … (1 comments)
The much anticipated day has finally arrived when the Fed made the decision to cut the federal-funds target rate by 50 basis points as well as the discount rate by 50 basis points. The move was a bit stronger then expected. What has led to this? Why has this been somewhat … (0 comments)
After the Federal Reserve Funds rate cut of 1/2 a point on September 18th the yield of the benchmark 10 yr. treasury has risen by 23 basis points while the price has fallen by 1 15/32. This cut came in an attempt to keep consumer spending in line with inflation and, in the face … (4 comments)
The Federal reserve slashed a key interest rate by 1/2 point today. What does this mean to us here on the streets? If you are a borrower who can obtain credit, you should see rates drop on various kinds of loans. It will be less expensive for people to finance credit … (2 comments)
A FEW POINTS ABOUT INTEREST RATES!! Less is more If you're new to investing or real estate and don't know the first thing about interest rates, here's a good tip: the higher the interest rate, the more expensive it's going to be. High interest rates mean you will have to pay … (1 comments)
I was just reading Richard Lee's latest article that says less than 30 units separate total sales figures for the last four months. This usually signifies the bottom of the market, however he also noted that until we see the upward swing, foreclosures are going to be the reality.To go along … (0 comments)
… (1 comments)
My Monday's blog about this week's interest rate reduction Tomorrow's Fed Discount Rate Reduction... What It Means To You? was rated as little too technical.
Miami condos Home PageInterest rates slashed to help economyFed's dramatic action lowers target on key short-term rate for the first time in 4 years - to 4.75% - and signals more cuts could be coming.By Paul R. La Monica, CNNMoney.com editor at largeSeptember 18 2007: 5:03 PM EDTNEW YORK (CNNMoney.com) -- … (0 comments)
For the first time in over 4 years, the Fed has cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications, there's still some debate among experts about what this means to the economy as a whole.
As everyone knows by now, The US Federal Reserve cut interest rates by 50 basis points today. A half-point cut. This was a very aggressive move to try and avoid a recession that could be caused, in large part, by the housing market.There wasn't a mortgage person or agent I spoke with today … (6 comments)
Now that the FEDS cut the interest rates by 1/2 a point, and we still have excess inventory on the market. Buyers could get a GREAT deal on homes. First time buyers, and upgrading homes, along with investors..now is the TIME TO BUY! Do not be SHY! Most people wait too … (1 comments)
The rates are becoming the best in recent history! This is good news to us Realtors who are trying to get buyers to make a move! With home prices down ,as well as interest rates, what are we waiting for? We need to create the urgency to get buyers up and … (4 comments)
You would think that is was impossible to get a mortgage these days with the way the media has painted such an awful picture of the housing and mortgage industry. Truthfully things are really pretty good. Yes, things have slowed down in the past months but they are still quite good … (1 comments)