Whooooosh! Sissssss!

June 25, 2010 by Larry D. McGee · Leave a Comment 

Telling Statistics The sounds of the market retraction after the expiration of the Tax Credit are described in the headline. The number of contracts to purchase dropped 39% from April to May, and declined 27% against May of 2009.  What happened is obvious, but bears a bit of further explanation. Better Understanding In the months… [ Read More...]

For Clues About The Future Of Mortgage Rates, Watch For Inflation

March 19, 2010 by Real Estate News · Leave a Comment 

If you’re trying to gauge whether rates will be rising or falling, one keyword for which to listen is “inflation”. Mortgage rates are highly responsive to inflation.

A Rate-Locking Strategy For Today’s Fed Meeting

March 16, 2010 by Real Estate News · Leave a Comment 

The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year. The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since December 16, 2008, and the voting members of the Fed are expected to vote “no change” again today.

How You Can Get The Most Accurate, Real-Time Mortgage Rate Quotes Available

February 23, 2010 by Real Estate News · Leave a Comment 

Although the newspapers reported mortgage rates down last week, they weren’t. Conforming mortgage rates were higher by at least 1/8 percent, or roughly $11 per $100,000 borrowed per month. In some cases, rates were up by even more.

Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes

February 18, 2010 by Real Estate News · Leave a Comment 

The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It’s a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers’ policy decisions. The Minutes is a terrific look into the Fed’s collective mind and, yesterday, Wall Street didn’t like what it saw.

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