Monthly Archives: June 2007

The Fed left the Fed Funds Rate unchanged again today for the eighth time in a row after 17 consecutive hikes. None of this is news to us. The Fed’s press release, though, highlights a key theme about our country’s … Continue reading →

The Federal Open Market Committee adjourns from a two-day meeting today and so this is a good time to remind yourself: The Fed does not control mortgage rates. Rather, the Fed sets the Federal Funds Rate. And the FFR is, … Continue reading →

The mortgage markets officially enter “Wait-and-See” mode beginning today as the Federal Open Market Committee begins their two-day meeting. The importance of the FOMC’s meeting to mortgage markets is all in the words of the committee as opposed to their … Continue reading →

From the CBS News Video Web site, an interesting story for anyone who’s recently applied for credit. Credit repositories now sell the contact information of people applying for new mortgage loans to other mortgage lenders that want to compete for … Continue reading →

For the first week in a long while, mortgage rates ended the week better than how they started. As we talked about last week, when there are no major data releases, the markets tend to move on momentum and psychology. … Continue reading →

The NBC Today Show recently ran a Home Staging series that’s worth watching. Hosted by Barbara Corcoran, the trio of 5-minute pieces resemble HGTV Reality Shows but carry much more insight and “everyday tips” that ordinary folks can use. The … Continue reading →

Is “news” always news, or is it masked opinion? When doing research on mortgages, it’s important to pay attention to the objectivity of your research source. Often, a writer will deploy key adjectives, phrases, and/or images that distort an otherwise … Continue reading →

It was another favorable day for mortgage rates yesterday as average housing data and momentum trading carried bond prices higher. Bond prices up, mortgage rates down, of course. All things considered, mortgage bonds should not have moved as much as … Continue reading →

For those that spend a lot of time in their car, this is old news. Since Memorial Day weekend when gas prices touched $3.24/gallon nationally, the cost of filling up dipped below $3.00. According to Gas Buddy, Monday’s average cost … Continue reading →

After a tame Consumer Price Index report Friday, mortgage bonds staged a brief rally and rates retreated slightly. Earlier in the week, mortgage rates were at their highest point in almost a year. Unfortunately for rate shoppers, mortgage investors are … Continue reading →