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| Breaking Foreclosure News This is the latest in breaking foreclosure news hitting the internet and I think you should read it. Some of the news is helpful and some is quite disturbing. You'll find good news and bad news. But all of it's reality and we all need to face it! Please feel free to post any stories and news in this section in regards to your local market. |
This is a discussion on Fed Interest Rate Cuts = mortgage rates higher? within the Breaking Foreclosure News forums, part of the Homeowner Party - Homeowners Unite to Fight Back category; Is this advice accurate for the current market?: "The Fed cutting the federal funds rate has never caused the 30 ...
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| Senior Member Join Date: Sep 2008
Posts: 57
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Fed Interest Rate Cuts = mortgage rates higher? Is this advice accurate for the current market?: "The Fed cutting the federal funds rate has never caused the 30 yr fixed rate mortgage rate to fall. It falls in anticipation of the cut and then rises after. The spread between mortgage backed securities and treasuries is at an intermediate high and is widening. That means the 30 fixed rate has been rising." |
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