This is the first item I have read that is written by someone (well two people actually) that knows what they are talking about.  Most people today think that lowering the discount rate or the fed funds rate is going to save the US real estate markets….guess again Beavis. The only thing that should do, […]

The Fed will be making an announcement tomorrow and the media as well as everyone else who doesn’t know what they are talking about, are hoping that they will announce a rate cut of some sort. While this will bring increased liquidity into the financial markets, it doesn’t mean the housing market will improve or […]

Let’s just start naming these Sub-Prime mortgage related posts with the same naming convention, ok? I am pretty confident there will be more than two on this here blog.  So, let’s get down to the nitty gritty shall we?  A few weeks ago, we saw home mortgage interest rates jump anywhere from a half to […]

FOMC chairman, Ben Bernanke, is scheduled to speak at 1pm EST today about inflation.  The DOW is off about 50 points this morning as I write this and the 5, 10 and 30 year bonds are all being sold off a little this morning, pushing yields higher.  My guess is that Bernanke will say that […]

The yield on the 10 year note has steadily moved down this week as is trading under 5.1% this morning. This does not have any direct effect on mortgage interest rates, but it typically has acted as a good indicator. Hopefully, we will see lenders adjust their mortgage lending rates down on similar term […]

Bonds are trading flat this morning, even as two pieces of economic data were reported weaker than expected. First, the Conference Board’s index of consumer confidence fell to 103.9 from 108.5 in May, and the Commerce Department reported new home sales fell 1.6% in May. We have seen stronger than expected […]

Let’s face it, nobody has all of the answers. While we can make educated guesses about where interest rates and real estate markets are going to go in the next year or two years, we really have no idea what is going to really happen. One thing that is very likely is that many […]