June 28th, 2005
Will tomorrow's Fed Fund increase effect
mortgage rates?
Tomorrow, Wednesday the 29th, the feds are going to
hold their open market meeting and the writing on the wall is
that they will increase the fed fund rates by another 25 basis
points.
The so called conundrum remains that the 10 year treasury note
is at it it’s lowest yield in decades, despite the consistent
monthly 25 basis point increases in the fed fund rate. The
fixed mortgage rates are at their lowest in decades as a
result.
Treasury secretary Snow dismissed the existence of a conundrum
today, in an appearance on CNBC, maintaining that the strong
growth of the economy coupled with the low inflation rate is
what keeps the treasury yield and consequently the fixed rate
mortgage rates low.
NOTE
There is a gap in our mortgage rates news blog from February
05 to June of 05 caused by an accidental loss of data.
February 2nd, 2005
Higher Interest Rates.
Washington, DC
– The Federal
Reserve Board announced today a rate hike of, one half of one
percent and stated that it intends to raise interest rates at
the same pace over the next few months. however the feds also
stated that inflation in under control and that the economy is
growing at a reasonable pace.
The comments send the stock market into a buying frenzy,
pushing all major indices higher. Mortgage rates on the other
hand were not effected as the bond market had already priced
in the increase.
January 28th, 2005
New Mortgage Calculators
We have just added two more
mortgage calculator
pages to our website, which we are sure you will find useful.
The two existing
free mortgage calculator Investment related links at the
bottom of the home page should go live by the end of February
2005.
The plan is to create the most sophisticated mortgage
calculator site on the internet, by not only offering the
tools but also an extensive library of mortgage and
credit related information.
the
tools but also an extensive library of mortgage and
credit related information.
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