Archive for 'The Fed'
Fed’s statement suggests higher mortgage rates
As expected the Fed announced today that they would leave short-term interest rates near historic lows. No surprises there. However, there was a couple interesting excerpts from their post-policy meeting statement which suggest mortgage rates are poised to move higher (also not a surprise if you’ve followed my blog posts time and time again).
Here is [...]
Posted: January 27th, 2010 under The Fed.
Tags: 2010, 2010 Fed policy analysis, how the fed thinkg about mortgage rates jan 27, January 27, the Fed'sppolicy statement Jan 27
Comments: 1
Summary of the Fed’s current involvement in the US economy
I was emailed this article by a friend. In it the author, who alleges to be a former investment banker, “spins” the Federal Reserve’s current involvement in the US economy to lead readers into believing that we’re currently witnessing one of the largest financial conspiracy theory’s in modern history.
I had planned to respond to his [...]
Posted: November 8th, 2009 under The Fed.
Tags: open market operations, repurchase agreement, The Fed, The Fed's involvement in the economy, US Treasury and the Fed, whay is the fed doing right now?
Comments: none
Rate Update July 21, 2009
Mortgage rates appear poised to move lower this morning. Despite positive earnings reports that have helped stocks to move higher, mortgage-backed bonds have rallied this morning thanks to comments made by Fed Chairman Ben Bernanke.
Watch today’s you tube video for details on what he said.
Click this link to view Fed Chairman Bernanke’s Op-ed piece in [...]
Posted: July 21st, 2009 under Rate Update, The Fed.
Tags: evan swanson, free mortgage rate outlook, july 21 mortgage rate outlook, july 21 mortgage rates, lock or float, mortgae rate update, mortgage rates, Rate Update, shoulod I lock or float my interest rate?
Comments: 1
Central Banks & short-term rates
If you like to “geek out” on economics like I do then you may also find this article interesting in today’s Washington Post. In the article Chris Rugaber explains what impact short-terms rates has on the economy and why different central banks around the globe hold their short-term lending rates at different levels even though [...]
Posted: November 7th, 2008 under Economics & Interest Rates, The Fed.
Tags: central bank, short-term rates, The Fed
Comments: none
Mortgage rates should benefit from Bernanke’s comments
On Friday Fed Chairman Ben Bernanke announced that he endorses the concept of the federal government guarantying mortgage-backed securities (MBS’s) issued by Fannie Mae and Freddie Mac. These comments should help mortgage rates move lower.
The reason that a government guarantee helps mortgage rates move lower is because it reduces the risk of default on MBS’s [...]
Posted: November 2nd, 2008 under Economics & Interest Rates, The Fed.
Tags: Bernanke, Fannie Mae, Freddie Mac, government guarantee, MBS's, Mortgage backed bonds, mortgage rates
Comments: none
Rate Update October 29, 2008- Fed Day
Mortgage rates moved higher again today.
The volatility in mortgage rates has been unprecedented as of late. From Monday of last week to Thursday 30 year fixed rates dropped from 6.25% to 5.75%. Since Thursday to today 30 year fixed rates cycled back higher rising from 5.75% to 6.375%.
Today all eyes are on the Fed. They [...]
Posted: October 29th, 2008 under Rate Update, The Fed.
Comments: 2
Rate Update September 16, 2008
Rates are effectively unchanged this morning.
There is A LOT to talk about this morning as crisis in the financial markets persists. Here is a summary of the major stories we’re falling that are likely to impact the direction of mortgage rates:
→ AIG: The nation’s largest insurer is close to insolvency. Analysts are suggesting that the [...]
Posted: September 16th, 2008 under Economics & Interest Rates, Rate Update, The Fed.
Tags: AIG, CPI, credit crisis, Fed, interest rates, mortgage rates
Comments: none
Credit crunch has “no end in sight”
According to this article on bloomberg.com banks continue to tighten their lending standards.
The measurement in which this article focuses on are derivatives which are priced to reflect the market’s expectation of future spreads between the Fed’s daily effective Federal Funds Rate and the rate at which banks are actually lending money. When spreads increase it is a [...]
Posted: August 26th, 2008 under Economics & Interest Rates, For Professionals, General Mortgage Info., Housing & Real Estate, The Fed.
Tags: credit crunch, spreads
Comments: none
Bernanke’s outlook & mortgage rates
In his speech to the worlds most powerful central bankers today Fed Chairman Ben Bernanke spoke briefly about inflation according to this NY Times article.
From the article, “Mr. Bernanke, while acknowledging ‘an increase in inflationary pressure,’ reasserted his view that in the near future, the upswing in inflation from the oil and food shocks was [...]
Posted: August 22nd, 2008 under Economics & Interest Rates, General Mortgage Info., Rate Update, The Fed.
Tags: ben bernanke, inflation, mortgage rates, The Fed
Comments: none
Don’t forget about fiscal literacy
The NY Times published a good article today outlining the presidential hopeful’s views on financial regulation (click this link to view). By the sounds of it we can expect greater governmental oversight over the financial markets in the coming years.
It is no surprise that a reaction for greater financial regulation has resulted following the third financial collapse [...]
Posted: August 16th, 2008 under For Professionals, Housing & Real Estate, Miscellaneous, Personal Finance, The Fed.
Tags: barack obama, ben bernanke, fiscal literacy, Henry Paulson, john mccain, presidential nominees, regulation
Comments: none
