The Federal Open Market Committee (FOMC) has again slashed interest rates, this time .75% in an attempt to restore confidence and, more to the point, assist banks and business as they attempt to recover from a credit crisis. The irony to this point is that mortgage rates and the prime rate have been plummeting along […]

It’s been quite some time since I’ve written, and I’ve missed the mark by a few weeks with this latest news, but better late than never, right? The Federal Open Market Committee, aka “The Fed” saw fit to drop the federal funds rate by .5% a few weeks back. Not satisfied that it was enough, […]

The Federal Reserve has again cut the federal funds rate, this time by .25%, in an attempt to bolster a faltering economy. Though the cut is welcome, it has left both investors and some in the banking industry a bit disappointed. The Dow Jones Industrial Average dropped almost 300 after the announcement, representing a rather […]

According to some mortgage brokers on the hunt for new clients:
We couldn’t have asked for a better Thanksgiving treat than the one we got on Monday: the lowest 30-year fixed-rate in over two years. That’s right. For those of you who have been patiently waiting, here’s your chance to save anywhere from $5,000 to $7,500 […]

Let the confetti fall and the party begin, right? Wait…not so fast…
2001 saw the Fed Funds rate plummet, with what seemed like a daily cut in the rate until it finally rested at 1.25%, the return on long-term treasuries largely followed suit in a downward motion and low mortgage rates seemed like a godsend for […]