Two days ago the interest rates dropped, as the perception was the Federal Reserve was going to hold off on increasing the over night Fed rate. Then over the past two days, there has been enough fed speak from the powers that be at the Federal Reserve, that the bond market is now perceiving a move ... » Learn More about Fed Fear – Rates Jump
mortgage rates
Beware of the LIBOR -If Your Mortgage is Attached to it
If you have an adjustable rate mortgage (ARM), and if the index it's using to determine it's interest rate is the LIBOR (London Interbank Offered Rate), you may be in for a shock the next time it adjusts. The LIBOR is among the most common of benchmark interest rate indexes used to make ... » Learn More about Beware of the LIBOR -If Your Mortgage is Attached to it
Interest Rates Drop – Fed On Hold (again)
A combination of weak job numbers, mixed economic indicators, and the potential Britain exit of the European Union (BREXIT), has put the Federal Reserve on hold to increase the Fed Funds Rate. Internationally some countries interest rates have gone negative. That means if you put money into a ... » Learn More about Interest Rates Drop – Fed On Hold (again)
Mortgage Rates Drop – Employment Numbers Stink
Interest rates dropped like a rock today. Right when the Federal Reserve was talking up a fed rate increase, the employment numbers came in way below the consensus. The 38,000 created jobs in May was forecast to be 162,000. More numbers to digest: The Labor Department also reported Friday that ... » Learn More about Mortgage Rates Drop – Employment Numbers Stink
Mortgage Interest Rate Update May 16 2016
The media is always a lagging index. When they announce that anything is at it's highest, or lowest, it's obsolete information. Today the media indicated that mortgage rates are at it's lowest in 3 years. Reality, the rates have been in a tight range for a few weeks. Today the rates actually ... » Learn More about Mortgage Interest Rate Update May 16 2016