San Francisco Real Estate and Community

Provided By Tom Carlson

Prime rate drops and Mortgage rates go higher…Buy Why?

At the end of October, the Fed cut its overnight rate on loans between banks by 0.5% to 1%.
so… why do the Mortgage rates go up? This article explains why.

Is the Government Bail Out Helping or Hurting the mortgage Industry?

Government bailout uses tax payer money to help stabilize the banks but where does all the money really go?
Is the government bailout money being used by the banks to purchase other banks and monopolize the industry or to stabilize the industry? The Washington Post offers more information.

Trickledown Effect

Some of the banks have now started a “trickledown” effect to pass on this saving to their best customers. But will JOHN Q PUBLIC and the new home buyer ever see the benefits of this easy money?

Related posts:

1. New York Times Take on Changing Interest Rates
2. Going Long on Short Sales- Money in Your Pocket?

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