Tag Archive for: federal reserve

Fannie/Freddie Yank Their 1/2 Point Refi Fee

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On Saturday night my wife Heejin and I had a wonderful date at an outdoor Italian restaurant. The food and weather were perfect, and the ambiance was even better with […]Read More

Jumbo Loans Stall; IRS & India Shutdowns Slam Industry; Still Funding Loans; Vanilla Loans Only

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STIMULUS AND FED ALMOST CRASHED MORTGAGE/HOUSING INDUSTRY Here is a great article that partially explains what happened. Long story short: many major lenders face bankruptcy b/c servicing values are now […]Read More

Rates Way Up! Liquidity Crisis; Refi Later for Free; Buy Takeout Food :)

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INTEREST RATES SHOT UP AGAIN YESTERDAY Rates shot up 1/4 percent yesterday over about a 30 minute period – something we have not seen for years. Rates came back a […]Read More

The Fed Cut Rates by 1/4 Point And Mortgage Rates Fell Marginally

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The Fed cut the Fed Funds Rate by 1/4 percent yesterday, and rates…actually fell after the announcement. I was almost disappointed to see that b/c it will again confuse people […]Read More

Are Low Rates The “New Normal?” The Fed Is Irrelevant

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For years I have been repeating the predictions of various market experts about how interest rates have to go up at some point. And for years, I have been dead […]Read More

The Fed Halts Rate Increases; Good Or Bad?

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Yesterday, the Fed announced that there will be no more rate hikes in 2019. And many people in the mortgage and real estate industries cheered. But a lot of economists […]Read More

Why Interest Rates Should Finally Increase This Year; Or Not

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INTEREST RATES PLUMMET AFTER 2008 MELTDOWN After the 2008 meltdown, mortgage interest rates plummeted from the mid 6% range all the way down to the low 3% range at various […]Read More

Why Rates FELL After Fed RAISED Rates; Econ Data Trumps Fed Policy

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The Fed raised its short term “Fed Funds Rate” again yesterday, but long term mortgage rates fell. Once again, the Fed Funds Rate is only a short term interest rate […]Read More

What the Heck Is Going On With Rates? They’re Rising, Right? Wrong

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Interest rates fell again, surprising everyone (again) b/c rates are supposed to be going up, right? Wrong. Rates are supposed to being going up b/c the Federal Reserve has been […]Read More

Rates Down After Fed Pushed Rates Up? Why?

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The Fed raised the short-term Fed Funds rate yesterday by 1/4% to a range of 0.75% to 1.00%. And long term interest rates fell. Here are a few reasons why […]Read More

What Moves Interest Rates? Will Rates Fall?

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We get asked time and again if we think rates could fall again, and our answer is “maybe.” The Fed has indicated that they plan on raising short term rates […]Read More

Interest Rate Increases – Effect, Likelihood and Perspective

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There is a lot of talk once again about rates increasing, especially b/c the Fed is indicating they will try to push rates up in December. But here is some […]Read More

Janet Yellen Speaks; Fed Backing Off on Bond Purchases; Good Thing?

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Rates jumped yesterday after Janet Yellen (the new Fed Chairperson) spoke. She rattled the markets by implying that the Fed may push rates up sooner than expected. She also made […]Read More