How will Fed’s Quantitative Easing impact San Jose Mortgage Rates

How will Fed’s Quantitative Easing impact San Jose Mortgage Rates for Refinance and Home Purchase? But before we get into how will this impact home loan rates for San Jose and SF Bay Area home owners, lets find out what does Quantitative Easing means! Wikipedia defines Quantitative Easing as – “Quantitative easing (QE) is a […]

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San Jose Weekly Mortgage Market Commentary 12/20/2009

The week that was: The statement from the last FOMC meeting wasnt much of a change. The fed stuck to keeping the rates low for “extended period”. But how “extended” is “extended” – now that’s anybody’s guess! Freddie Mac’s weekly Primary Mortgage Market Survey reported 30-year fixed-rate mortgage (FRM) averaged 4.94 percent with an average […]

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San Jose Weekly Mortgage Market Commentary 11/29/2009

The week that was: The minutes from the 11/4 FOMC meeting were released. Fed’s minutes reiterated the Fed isn’t anywhere close to increasing interest rates. Fed governors and regional bank presidents predicted the jobless rate will range from 9.3% to 9.7% in next year fourth quarter. Oct personal income increased 0.2% and spending was up […]

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