A Most Dramatic Week For Mortgage Rates
- By:
- Paul King | January 25, 2008
Earlier this week, in a surprise .75% cut to the Fed Funds Rate by the Federal Reserve, rates plunged lower, with the average 30 year fixed hitting a low of 5.57%, however this drop was reversed the following day when the stock market staged a remarkable comeback. Bonds followed suit, reversing their gains, and pushing back up retail mortgage rates to their original levels.
Focus this week in mortgage rate markets was on the overall health of the economy and the stock market, and not on individual economic reports. The Fed's emergency rate cut was the largest ever in history, and prevented what many expected would be a huge stock market sell-off. The recovery, later in the week, by the stock market demonstrated to mortgage markets that the health of the economy many not be as dire as many believe, but the jury is still out and we certainly may be in for continued volatility over the coming weeks.
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Mortgage Rates Head Downward
- By:
- Bill Rice - MortgageLoan.com | September 04, 2008
Market proves Fannie, Freddie can continue to competitively finance debt. Sends Fannie, Freddie stock up and the US Dollar is ticking up.
Market Watches Freddie Debt Sale
- By:
- Bill Rice - MortgageLoan.com | September 02, 2008
All mortgage and investor market eyes are on Freddie Mac's debt sale today.
30 Year Mortgage Rate Lowest in 6 Weeks
- By:
- Bill Rice - MortgageLoan.com | August 29, 2008
The 30-year fixed mortgage rate continues to decline slightly everyday. Currently, it has reached its lowest level in 6 weeks and is lower than the same time last year.
Mortgage Rates Continue Fall
- By:
- Bill Rice - MortgageLoan.com | August 28, 2008
Mortgage rates continue to fall slightly, but don't expected it to be the long-term trend.
FOMC Minutes
- By:
- Bill Rice - MortgageLoan.com | August 27, 2008
The recently released FOMC Minutes reflect a general consensus that inflation is the primary Fed concern.
Existing Home Sales Up
- By:
- Bill Rice - MortgageLoan.com | August 25, 2008
The National Association of Realtors report that existing home sales climbed in July, exceeding expectations.
Bernanke Speaks Today
- By:
- Bill Rice - MortgageLoan.com | August 22, 2008
A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium.
Bernanke:Inflation Uncertain
- By:
- Bill Rice - MortgageLoan.com | August 22, 2008
Bernanke assures market the Fed will "act as necessary."
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