Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. The Federal Reserve delivered a widely expected quarter-point rate cut 2 weeks ago, lowering its fed funds benchmark range to 4.00% – 4 ¼%...
Category: Federal Reserve
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THE FED’S POSITION – HEADS THEY WIN, TAILS THEY LOOSE
THE FED’S POSITION – HEADS THEY WIN, TAILS THEY LOOSE Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. The commercial real estate sector is facing what Trepp* has described as a “critical...
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NOVEMBER 2024 INTEREST RATES AND VALUES UPDATE
The Fed reduced the Fed Funds rate by 0.75% in the last few months, but mortgage rates have not come down. Currently, the Freddie Mac Primary Mortgage Market Survey shows the 30-year fixed mortgage rate at 6.84%. You can see the rate increased after the Fed decreased the Fed Funds rate in mid-September. The Fed...
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LIKE A KID AT CHRISTMAS
Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC. Mike writes monthly on the commercial mortgage market. Check back each month for his commentary. That’s the pulse of the market folks. Borrowers and lenders all huddled around their computers waiting for Santa Powell and the FOMC elves...
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HOW QUICKLY WILL MORTGAGE RATES COME DOWN AS A RESULT OF THE FED’S ANNOUNCEMENT YESTERDAY?
The Fed’s announcement was very encouraging. They said they will likely no longer increase the Fed Funds rate, and look to decrease the rate next year. This is big news. The stock markets took off, and the Dow reached a record high. As a result of this good news, how quickly will mortgage rates come...
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HOW HIGH AND HOW LONG, MR. POWELL?
Today’s post is written by Commercial Loan Originator Mike Green. The FOMC’s pause on interest rate hikes at the September meeting a couple weeks ago wasn’t a surprise. Inflation has continued to subside, labor has cooled, and supply chains continue to improve. In justifying the pause, they cite: Job gains have slowed but remain strong,...