The Fed cut rates…why don’t mortgage rates follow?
February 14, 2008 by Kristin LaVanway · Leave a Comment
In an effort to bolster the US economy, the Federal Reserve has lowered the prime rate several times over the last few months. But Fed rate cuts don’t always translate into lower mortgage rates. Today, rates are falling, but that trend will reverse if investors conclude that the Fed’s monetary stimulus, combined with Congress’s [...]
Now, That’s Depressing!
February 9, 2008 by Kristin LaVanway · Leave a Comment
Prices have declined, interest rates are low and there is a LOT of inventory to choose from. So why aren’t more Buyers jumping on the band wagon?
With all the negative press these days, who can blame them. I actually heard a news story that compared today’s real estate market to the Great Depression! [...]
