Joseph Rose's Blog

Rates are amazing now with what is going on in Europe and the stock market.  Those who missed the last refi boom should hurry up and get those applications completed and wait to fire a rate lock!!!

I am constantly asked by my clients how the 30 year rate is affected by the short terms moves made by the fed lowering the discount rate and I find it to be a difficult question to answer effectively. There is no instant direct correlation between the discount rate and the 30 year rate, they move...