Clicky Web Analytics

The Fed Lowers Mortgage Rates by .5%!

Many people equate this news as a prerequisite to relief for the housing/credit/sub-prime-crunch. In reality, the only mortgage loans directly effected by this cut are home Equity Lines of Credit since they are tied to PRIME, which is tied to the Fed Funds Rate.

Last week (or so) the jobs report came in below analysts expectations which does directly effect mortgage rates (for the better in this case). Click here for the other major mortgage rate adjusters.

My stock portfolio (and the general markets fragile emotional psyche) really appreciated the move Mr. Bernanke…hopefully Jim Cramer’s blood pressure has dropped a notch or three too…

As the title satirically points out, newspapers can make the genuinely uninformed, straight up ignorant.

Here’s a sample of comments or opinions i’ve heard from other people in the past few weeks:

The moral of the story is find the truth yourself, don’t let anyone else tell you what your truths are or should be.

Sphere: Related Content

 
close Reblog this comment
blog comments powered by Disqus

Search Site

Recent Posts

Recent Comments

Flag Posts