I am a Certified Mortgage Planner and Wealth Creation Specialist at Four Legacies Mortgage in Iowa. We are Iowa's FIRST socially responsible mortgage company. Read More
Another Holiday Week, Even Less News!
This week, much like last week, is interrupted for the holiday. Regardless, there’s not much going on.
Aside from the two economic reports listed below, there is nothing else for markets to digest and there are no planned speeches by members of the Fed (this can often catch lenders off guard […]
It’s Going to Be a Short Week!
This week is trade-shortened and thick with economic data. In addition to two pieces of housing news and a consumer sentiment survey, we’ll get a look at the Federal Reserve’s preferred Cost of Living index. All four data points are expected to validate the recession, so don’t expect mortgage rates to […]
The Fed Is Meeting!
It is widely expected that the Fed will be cutting the Fed Funds Rate (FFR) at Tuesday’s meeting. Remember, just because the Fed Funds Rate is going down doesn’t equate to lower mortgage rates. In fact, more often than not, this translates into higher rates on an account of fears of inflation.
Beyond […]
What To Watch This Week?
There is a lot happening in the news with the US Treasury and Fed. The auto industry is looking for a large sum of money and there’s talk about stimulating the housing market by bringing interest rates down as low as 4.5% (this would only be for purchases.. look for my […]
Mortgage Market and Rate Watch For Week of November 10th, 2008
What To Watch This Week?
Inflation. It is on the top of every trader’s mind.
Remember, inflation is very bad news for mortgage rates. Wednesday’s Consumer Price Index report will give traders a feel on if the recent rate cuts to the Fed Funds rate has impacted […]
Mortgage Market and Rate Watch For Week of November 10th, 2008
What To Watch This Week?
It’s going to be a mighty quiet week as far as economic news is concerned.
Now remember, many types of news can impact mortgage rates. China’s announcement of $586 Billion stimulus plan is an example. You can bet that will have a […]
Mortgage Market and Rate Watch For Week of November 3rd, 2008
What To Watch This Week?
There’s a lot going on this week (as there always seems to be anymore). This week will give us a lot of insight on the jobs situation in the US. We know the job market isn’t as strong as it’s been […]
Mortgage Market and Rate Watch For Week of October 20th, 2008
What To Watch This Week?
The number one (and most obvious) thing to keep your eye on this week is the reactions to the Fed decision Wednesday. It is everyone’s expectation that the Fed will cut. I think the question is how much they will cut.
Remember, […]
Mortgage Market and Rate Watch For Week of October 20th, 2008
What To Watch This Week?
What happens in the headlines. From bank failures to the Fed’s action in trying to produce liquidity in the market, anything can happen.
The Fed has made it perfectly clear that they are willing to do what it takes.
Besides all of the […]
Mortgage Market and Rate Watch For Week of October 13th, 2008
What To Watch This Week?
What happens in the headlines. From bank failures to the Fed’s action in trying to produce liquidity in the market, anything can happen.
The Fed has made it perfectly clear that they are willing to do what it takes.
Besides all of the […]
