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FloridaCMPS (< 20)

December 2008

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Why the Fed's Policy Statement Has More to do With Dropping Mortgage Rates

December 16, 2008 – Comments (0)

As many of you already know, mortgage rates are not dependent upon what the Fed does with their rate cut decision.  rather, they are derived from mortgage backed securities, aka mortgage bonds or MBS.  Typically, when the Fed cuts their rate, mortgage rates actually move in the opposite direction.  [more]

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Will Mortgage Rates be the Next Bubble?

December 16, 2008 – Comments (0)

There has been a lot of brew-ha surrounding the 4.5% mortgage rates Treasury Secretary Henry Paulson stated was his desire as another {senseless} effort to boost the housing market and ultimately the economy.  Real estate and mortgage bloggers, hell any blog that wanted to get some action, was posting something with that 4.5% statement in it, and a wide variety of opinions can be read.  My own take is located here...Florida Mortgage Rates Hit 4.5%.  [more]

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