FAP Best Eps: FAP219: Happy April Fools Day, Brother Love, Waltham, Charlie Crowe
June 29, 2007
A selection of best episodes from the Financial Aid Podcast archives.Original episode show notes
More: continued here
FAP Best Eps: FAP252: Stuck in an elevator, college admissions, jobs, firefighter scholarship, interview with Joe from the Sales Roundup Podcast, Navi Redd
June 29, 2007
A selection of best episodes from the Financial Aid Podcast archives.Original episode show notes
More: continued here
Fed Holds Fed Funds Rate Steady at 5.25%
June 28, 2007
Well the news is out. Today the lates Fed meeting adjourned and the Fed Funds Rate remained unchanged at 5.25% At this time the door was left open for further rate increases although the article on money.com noted that several economists have said that they believe the housing market to be of greater concern that high oil prices and inflation. You see to combat inflation, the Fed raises the Fed Funds rate, which in turn tend to raise mortgage rates. In this case, raising the Fed Funds rate to curb any inflation that we have, will further slow the housing market because of the response that mortgage rates will have which will be to edge up higher than what they are already at.
Seems to put the Fed in an interesting position doesn't it?
Fed Holds Fed Funds Rate Steady at 5.25%
June 28, 2007
Well the news is out. Today the lates Fed meeting adjourned and the Fed Funds Rate remained unchanged at 5.25% At this time the door was left open for further rate increases although the article on money.com noted that several economists have said that they believe the housing market to be of greater concern that high oil prices and inflation. You see to combat inflation, the Fed raises the Fed Funds rate, which in turn tend to raise mortgage rates. In this case, raising the Fed Funds rate to curb any inflation that we have, will further slow the housing market because of the response that mortgage rates will have which will be to edge up higher than what they are already at.
Seems to put the Fed in an interesting position doesn’t it?
More: continued here
I Hope You Locked Your Rate
June 13, 2007
According to Bankrate.com the average 30 year fixed is at 6.36% and last week it was 6.09%! That's quite an increase. Best pricing on a 30 year fixed that I found yesterday was 6.5%! Just 3 months ago I was able to refinance a client into a 30 year fixed at 5.875%!
Rates will continue to rise if not in the short run, then most likely over the rest of the year they will continue to trend upwards. My advice is as soon as you are ready to go forward with your loan, lock your rate. What a difference a week makes.
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