Ryan’s Mortgage Blog:
Hello from Reno! Well, I guess I was wrong about the Feds not dropping rates again for while. CNN.com confirmed that stocks surged Wednesday after comments from Donald Kohn, the Federal Reserve’s No. 2 official, suggested that the central bank will cut rates again at its next policy meeting. Fed Chairman Ben Bernanke speaks tonight and investors will be looking to see that his speech adds to such bets. While the housing market still struggles across the nation, the economy had its best gains in four years during the summer and early fall. The GDP continues to grow in the three months ending Sept. 30. If you are in one of the job markets making some money right now, I can’t stress enough how many great deals are out there, with the low home prices and great mortgage rates.
Changing topics quickly, I found a great calculator you should take a look at if you are in the market to purchase or refinance. It calculates whether or not you should “buy-down” your rate. It is very simple and informative. http://finance.yahoo.com/calculator/loans/home/hom-05
You know I can’t write a blog today with out talking about the big game tonight between the Cowboys and the Packers. Let’s see if Brett Farve has anymore tricks in his bag because he is going to need them to beat the Cowboys. My prediction…Cowboys win fairly easily.
Feel free to contact me with any mortgage related questions at RBaker@PeregrineLending.com or 805-540-0866.