HomeLoans Blog

The Federal Reserve Beige Report came out today with less that encouraging commentary. The report looks at uneven regional economies and loss of manufacturing. This combines with the recent drop in Consumer Confidence to keep rates low, despite very upbeat corporate earnings.

For a good summary of the Beige Report.

There is too much uncertainty in the market, with no real direction. I am keeping my recommendation to lock your low interest rate now. Bonds showed a slight improvement today, but there seems to be only a little upside in floating vs a large risk of higher rates.

Additional uncertainty is coming soon as the debate on reforming Fannie and Freddie and the home finance industry begins in the public eye.

Will they ever let housing recover?