In The Golden Woods

In 30 seconds or less … With the Federal Reserve announcing a target of 0.0% to 0.25% Fed Funds Rate (the interest rate charged to banks for borrowing money overnight), consumers have been confused as to why new mortgage rates initially dropped to 3.29%, quickly rose again to 3.65%  and only now are settling at 3.5% for 30 year fixed rate conforming mortgages. Why not 0%? Duration of the Loan – Fed Funds are overnight liquidity loans and not long…

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I really wish it was!  Just a quick note, we didn’t expect the market to hold.  We all knew, intellectually at least, that it would probably drop more. The Dow finished the worst quarter since the Black Monday Crash of 1987.  Today kicks off 2nd quarter and all signs are pointing down, again.  But WHY after last week’s rally, the Fed’s liquidity, and the CAREs act? The market is responding to the Administrations very stark prediction that 100K to 200K…

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