Use access key #2 to skip to page content.

FloridaCMPS (< 20)

April 2009



Fed Sees Economic Contraction Slowing: Will Mortgage Rates Climb?

April 29, 2009 – Comments (1)

As I have mentioned numerous times before, the Policy Statement released by the FOMC at the time of announcing their decision on the Feds Fund Rate is the more important factor in determining which direction mortgage rates will move in the future.  I had expected a big shock to the markets, possibly even an increase in their MBS purchasing agenda yet again.  This time there was no “surprise”, rather a renewed commitment to the $1.25 trillion MBS purchasing spree, along with  the renewed commitment to use ALL available tools, including those not yet created I am sure, to open the floodgates of credit.    [more]



Will the Federal Reserve Pay You to Borrow Money?

April 28, 2009 – Comments (0)

As strange as that sounds, many moons ago I mentioned that the Fed, led by Ben Bernanke, would love nothing more than to pay people to borrow money and a study released yesterday proves I was right.  The fact is that Big Ben wants inflation so bad that he would be willing to pay others to borrow money if he could actually do that.    [more]

Featured Broker Partners