[Raybyrnes]

HLS
Would you consider the following information bogus and misleading. I would read who the author before you answer.

Mortgage Rates Forced Down by the Fed

PRINT E-MAIL POST

As I noted a couple weeks back, the Federal Reserve will be conjuring money out of thin air to buy “large quantities” (their words) of mortgage-backed securities. The mere anticipation of this flood of freshly-printed cash into the mortgage market has been enough to increase the demand for mortgages and thus lower rates.

The accompanying graph shows that 30-year fixed mortgage rates, depicted in blue, have dropped to a level not seen in years. As a matter of fact, fixed mortgage rates have not been this low for three decades.

Note that the Fed has not actually begun purchasing mortgages just yet, though it is set to begin doing so this month. The drop in rates appears to have taken place just in anticipation of the Fed’s artificial goosing of demand.

The Fed intends to have purchased $500 billion worth of mortgage-backed securities by mid-2009. So once they really get going, they may push mortgage rates lower still.

— RICH TOSCANO

[Raybyrnes]

HLS
Would you consider the following information bogus and misleading. I would read who the author before you answer.

Mortgage Rates Forced Down by the Fed

PRINT E-MAIL POST

As I noted a couple weeks back, the Federal Reserve will be conjuring money out of thin air to buy “large quantities” (their words) of mortgage-backed securities. The mere anticipation of this flood of freshly-printed cash into the mortgage market has been enough to increase the demand for mortgages and thus lower rates.

The accompanying graph shows that 30-year fixed mortgage rates, depicted in blue, have dropped to a level not seen in years. As a matter of fact, fixed mortgage rates have not been this low for three decades.

Note that the Fed has not actually begun purchasing mortgages just yet, though it is set to begin doing so this month. The drop in rates appears to have taken place just in anticipation of the Fed’s artificial goosing of demand.

The Fed intends to have purchased $500 billion worth of mortgage-backed securities by mid-2009. So once they really get going, they may push mortgage rates lower still.

— RICH TOSCANO

[Raybyrnes]

HLS
Would you consider the following information bogus and misleading. I would read who the author before you answer.

Mortgage Rates Forced Down by the Fed

PRINT E-MAIL POST

As I noted a couple weeks back, the Federal Reserve will be conjuring money out of thin air to buy “large quantities” (their words) of mortgage-backed securities. The mere anticipation of this flood of freshly-printed cash into the mortgage market has been enough to increase the demand for mortgages and thus lower rates.

The accompanying graph shows that 30-year fixed mortgage rates, depicted in blue, have dropped to a level not seen in years. As a matter of fact, fixed mortgage rates have not been this low for three decades.

Note that the Fed has not actually begun purchasing mortgages just yet, though it is set to begin doing so this month. The drop in rates appears to have taken place just in anticipation of the Fed’s artificial goosing of demand.

The Fed intends to have purchased $500 billion worth of mortgage-backed securities by mid-2009. So once they really get going, they may push mortgage rates lower still.

— RICH TOSCANO

[Raybyrnes]

HLS
Would you consider the following information bogus and misleading. I would read who the author before you answer.

Mortgage Rates Forced Down by the Fed

PRINT E-MAIL POST

As I noted a couple weeks back, the Federal Reserve will be conjuring money out of thin air to buy “large quantities” (their words) of mortgage-backed securities. The mere anticipation of this flood of freshly-printed cash into the mortgage market has been enough to increase the demand for mortgages and thus lower rates.

The accompanying graph shows that 30-year fixed mortgage rates, depicted in blue, have dropped to a level not seen in years. As a matter of fact, fixed mortgage rates have not been this low for three decades.

Note that the Fed has not actually begun purchasing mortgages just yet, though it is set to begin doing so this month. The drop in rates appears to have taken place just in anticipation of the Fed’s artificial goosing of demand.

The Fed intends to have purchased $500 billion worth of mortgage-backed securities by mid-2009. So once they really get going, they may push mortgage rates lower still.

— RICH TOSCANO

[Raybyrnes]

HLS
Would you consider the following information bogus and misleading. I would read who the author before you answer.

Mortgage Rates Forced Down by the Fed

PRINT E-MAIL POST

As I noted a couple weeks back, the Federal Reserve will be conjuring money out of thin air to buy “large quantities” (their words) of mortgage-backed securities. The mere anticipation of this flood of freshly-printed cash into the mortgage market has been enough to increase the demand for mortgages and thus lower rates.

The accompanying graph shows that 30-year fixed mortgage rates, depicted in blue, have dropped to a level not seen in years. As a matter of fact, fixed mortgage rates have not been this low for three decades.

Note that the Fed has not actually begun purchasing mortgages just yet, though it is set to begin doing so this month. The drop in rates appears to have taken place just in anticipation of the Fed’s artificial goosing of demand.

The Fed intends to have purchased $500 billion worth of mortgage-backed securities by mid-2009. So once they really get going, they may push mortgage rates lower still.

— RICH TOSCANO

[Raybyrnes]

Here is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed.

[Raybyrnes]

Here is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed.

[Raybyrnes]

Here is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed.

[Raybyrnes]

Here is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed.

[Raybyrnes]

Here is a Prediction. About 2 years ago families across the US were up in arms due to the variable rate Federal Student Loan Program. The rates were going up but did have reasonable caps on them. To appease the masses the governemtn stepped in and fixed the rates on Stafford Loans at 6.8% and Federal PLUS loans at 8.5%. Had they left the old program in place these rates would be more in the line of 3 % for Stafford loans and 5 % for PLUS loans.
I predict that the Department of education is going to have to address this in the upcoming year and Reauthorize the Higher Education Act to reflect interest rates that are more in line with the current environment. For those that are in their homes with substantial equity and students getting ready to go off to school I would suggest utilizing all Federal Stafford loans both subsidized and unsubsidized but turning to the Home equity line for additional financing if needed.

[Raybyrnes]

J
My understanding of the FHA program is that all fees are preset. Not much to wiggle on. I think for anyone in a subprime category this should have been the product of choice. At this point in time I would argue that for anyone with money down and good credit, conventional loans are a better bargain. With certain exceptions. If you fall into a category such as teachers of police who have some special incentive program combined with FHA

[Raybyrnes]

J
My understanding of the FHA program is that all fees are preset. Not much to wiggle on. I think for anyone in a subprime category this should have been the product of choice. At this point in time I would argue that for anyone with money down and good credit, conventional loans are a better bargain. With certain exceptions. If you fall into a category such as teachers of police who have some special incentive program combined with FHA

[Raybyrnes]

J
My understanding of the FHA program is that all fees are preset. Not much to wiggle on. I think for anyone in a subprime category this should have been the product of choice. At this point in time I would argue that for anyone with money down and good credit, conventional loans are a better bargain. With certain exceptions. If you fall into a category such as teachers of police who have some special incentive program combined with FHA

[Raybyrnes]

J
My understanding of the FHA program is that all fees are preset. Not much to wiggle on. I think for anyone in a subprime category this should have been the product of choice. At this point in time I would argue that for anyone with money down and good credit, conventional loans are a better bargain. With certain exceptions. If you fall into a category such as teachers of police who have some special incentive program combined with FHA

[Raybyrnes]

J
My understanding of the FHA program is that all fees are preset. Not much to wiggle on. I think for anyone in a subprime category this should have been the product of choice. At this point in time I would argue that for anyone with money down and good credit, conventional loans are a better bargain. With certain exceptions. If you fall into a category such as teachers of police who have some special incentive program combined with FHA

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