fed meeting: Fed Meeting contains few surprises, Mortgage Backed Securities don't like it - 01/29/09 05:34 AM
Well, another week is nearly gone and we have seen more action, both up and down on the mortgage market. So, where did we end up after the Fed’s announcement yesterday? Well, no surprises, they aren’t going to lower the rate to less than zero. However they did say some things in their announcement that mortgage backed security buyers didn’t care for, like, "economic conditions are likely to warrant exceptionally low levels of the Federal Funds Rate for some time" and that "inflation pressures will remain subdued in coming quarters".
I am afraid that comments like this will continue to … (9 comments)

fed meeting: Inflation rumor raises its ugly head, Consumer Confidence down - 01/27/09 03:11 AM
Now, a new (not really) word is creeping into the rate discussion, inflation. Concern over the stimulus package and bail out cost, many economists are thinking that we could be on the verge of inflation. The next few days could be major turning points in the current mortgage environment. Today, the consumer sentiment figures came in at their lowest yet, even lower than expectations. The Fed is kicking off their scheduled two day meeting today and it will be interesting to see what they do. Obviously, they can't lower the discount rate below zero, but what they have to say in … (6 comments)

 
Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant (Guild Mortgage Co - Oak Harbor WA)

Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA...

Oak Harbor, WA

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Guild Mortgage Co - Oak Harbor WA

Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277

Office: (360) 675-6106

Mobile: (541) 221-3455

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