Posted in Economy, Real Estate on Dec 11th, 2007 No Comments »
Borrowing money just got a little cheaper today, emphasis on little. The markets and financial analysts were surprised to only get a 25 basis point cut in the federal funds rate. The reaction in the stock market sent the Dow Jones Industrial Average down over 220 points immediately after the announcement. A quick peek at [...]
Posted in Economy, Real Estate on Sep 16th, 2007 No Comments »
Tuesday is the big Fed rate decision that has been playing havoc on the markets for the past few weeks. The market has pretty much priced in a 25 basis point reduction in the fed funds rate, but more and more people are thinking a 50 point reduction is possible. I’m really torn on whether [...]
Posted in Economy, Real Estate on Aug 8th, 2007 No Comments »
A surprising turn of events in the mortgage industry was unveiled recently. The number of applications for both new mortgages and refinancing were up last week nearly 18% over the same week last year. This is in part due to mortgage rates sliding slightly and borrowers with ARM’s refinancing to a fixed rate loan.
While most [...]
