Well, the supposed “most important Fed meeting this YEAR” per CNBC is over and the result…”meh..”. For those not aware, the recent run up in US Treasury rates (and thus Mortgage Rates) was primarily due to investor expectations of a change in the stance of Monetary Policy as directed by the Federal Reserve. In reality, […]Read More most important Fed meeting of the year? what happened today?
although rates are STILL at extreme historic lows this week has been anything but good for potential home buyers and those thinking of refinancing. mortgage rates, on average, are up ~20 basis points (that’s almost a quarter of a point in laymen’s). not to worry, this isn’t a death sentence – the Fed states they […]Read More Radio Cole AND what’s UP with rates??
the federal reserve made its third attempt in less than three years to stimulate the economy yesterday by announcing a new effort to drive down long-term interest rates. HOW? they plan to buy $400 billion in long-term treasurys in effort to nudge down interest rates making it even cheaper for corporations and consumers to borrow. additionally they […]Read More are rates going to drop below 4%?
you’re no doubt familiar with the saying “everything’s bigger in Texas’, right. well, april unveils MORE statistics to support that very statement! JOBS you may recall from one of my previous posts that JOBS will be responsible for kicking off this housing recover – NOT interest rates…NOT gov’t fueled tax credits – JOBS is what […]Read More Texas jobs! Texas sales! Texas real estate!
in my opinion rates WILL remain very attractive even as the feds end their $1.25 Trillion (yes, with a T) mortgage back security program. as long the feds do not begin to sell off their portfolio AND private money enters the mortgage bond market to pick up where the feds left off AND inflation remains […]Read More will low rates last EVEN as the feds stop buying mortg bonds?