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Is Your ARM Broken?
Author: RSS
23
Feb
2008
Ever since the Federal Reserve stopped it’s three year crusade to increase the Prime Rate every six weeks, most people with adjustable rate mortgages (ARMs) expected their already high rate to stabilize. Unfortunately, it can take 9-18 months for the indicators linked to some ARMs to “catch up” to a stable Prime Rate. Even with the recent Fed action, which dropped the Federal Reserve Rate down to near historic lows, the drop in ARM rates hasn’t been dramatic, (yet). This means many homeo…
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Federal Reserve’s Rate Hikes Grind to a Halt
Author: RSS
27
Sep
2006
Some Reservations at The Federal ReserveAlmost all major financial analysts are predicting that the Federal Reserve, under Ben Bernanke’s direction, will leave the Fed rate of 5.25% untouched at their meeting today. Now, with the recent reports indicating a downturn in sales of durable goods, plus the continuing drop in new housing starts and home values, some think the freeze on rate hikes will last through the end of the year. There are some signs that the cooling economy is still stable. Th…
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Federal Reserve Pauses in Their Rate Hikes
Author: RSS
22
Aug
2006
The Federal Reserve Pauses in Their Rate HikesWell, the two big news stories in the last few weeks were the Federal Reserve Bank’s decision to not raise rates for the first time in 3 years, and the terroist plot by Islamic extremists that was foiled in Great Britain. How these two things are related helps explain why the rates on a 30 year fixed rate mortgage actually went up in the days following the Fed’s announcement. Of course, the reports after the announcement that showed that inflation …
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When Will Ben Bernanke Blink? Is the Federal Reserve’s Rate Raising Fight Against Inflation Going Too Far?
Author: RSS
7
May
2006
When Will Ben Bernanke Blink? Is the Federal Reserve’s Rate Raising Fight Against Inflation Going Too Far?There is a lot of speculation and debate among economists about whether the Federal Reserve will raise the Fed’s short term interest rate to 5% in their meeting on Wednesday. If they do, it will make 16 straight jumps of .25%, since it reached it’s low point of 1%. Most people seem to feel that statements by Fed Chairman Ben Bernanke have sent mixed signals about whether or not this…
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Ameriquest Settlement: "Don’t Judge Too Quickly"
Author: RSS
5
Mar
2006
Ameriquest says, “Don’t Judge Too Quickly”. I say, “Don’t Forget So Easily”I may seem to be going on a bit with another article about the Ameriquest scandal and judgment, but I simply couldn’t ignore their new series of television ads. I should mention that the settlement was actually for ACC Capital Holdings, the holding company for three retail subsidiaries, Ameriquest Mortgage Co., Town and Country Credit Corp. and AMC Mortgage Services Inc. Less than a month after making an out of court set…
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