After the economic crisis and economic collapse of 2008, the economic system has recently created split personality. The Federal Reserve implemented a nil monthly interest plan (ZIRP) in Dec 2008, establishing a Federal Funds Rate target which is between zero and 0.25 percent or a mere Twenty five basis points. (1) In normal economic circumstances, [...]
mortgage rate
mortgage rate
Posts Tagged ‘10 Year Treasury’
Overview for US Mortgages
Monday, October 24, 2011Cheapest Mortgage Rates
Sunday, February 13, 2011We're in the market for a house, and it would seem that the lowering Fed rate would trickle down to the mortgage business. Instead, those rates keep going UP. How do they expect people to help out the economy by buying homes when they keep making it so unattainable and unattractive. I think I found [...]
Cheapest Mortgage Rates
Tuesday, November 16, 2010How mortgage loan rates are determined and what causes them to move is an absolute mystery to most folks – and those who think they know are usually wrong. As a former mortgage banker I can tell you that a lot of people in the mortgage industry cannot even give you an accurate answer to [...]