From the category archives:
A lot of people don’t pay much attention to what happens with Iran getting a nuclear bomb. If Israel attacks Iran it will cause interest rates to drop. Why do I think so? When people are uncertain with war and the economy the safest place is too park your money with U.S government. I’ll be [...]
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When getting a mortgage, one of the steps in the process is to “lock your rate” which is a simple agreement between you and the mortgage lender that your rate is “locked in” and won’t change between the time you lock it and the expiration date of the lock. Common lock periods for lenders include [...]
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Yesterday the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 — the second straight meeting from which the FOMC adjourned with 3 dissenters. Prior to that last meeting, there hadn’t been 3 FOMC dissenters since 1992. In its press [...]
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