Oct 15th, 2005
Interest Rate News is Boring Now!
The last time this page
was updated was at the end of June. Not very many things have
changed at our mortgage loan calculator site and the mortgage
interest rate news was as stale as the previous three months.
The Federal Reserve increased interest rates at the now
predictable quarter percent every month. The September 22nd
meeting delivered the 11th quarter percent increase
in the overnight rates which combined with the uncertainties
created by the successive hurricanes and profit making frenzy
of the multinational oil companies eventually had their impact
on the long term rates.
The five-year bond yield, which most closely reflects home
mortgage rates finally started rising and stood at around
4.45% during the first half of October.
The real estate market is only slightly
effected by all this and. Inventory is at a slightly higher
level and new listings that have assumed a new jump in real
estate prices are backing down to attract buyers.
Mortgage interest rates are at a reasonably low level and the
time is right to refinance that 2, 3 or 5 year fixed into a
fixed rate mortgage or pay for the consequences down the road.
June 30th, 2005
The inevitable rate increase is here.
The inevitable writing on the wall is here, the
feds did increase the fed fund rates and yet home mortgage
rates remained at their lowest in over a year.
What's more, the commentary accompanying the rate increase
indicates that there are going to be at least an other 3 rate
increases before the end of the year bringing the total rate
increases to 12 from the time this round of .25% increases
started in regular monthly increments.
Despite it all the so called conundrum is still in place,
alive and well. 10 ear treasury notes are at their lowest,
keeping home mortgage rates in check and and the real estate
market active.
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