Comments on: Federal Funds Rate Expected to Hold Steady for the Rest of 2008 http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/ Up to Date Rate Info and More | California Current Fri, 18 May 2012 00:38:11 +0000 http://wordpress.org/?v=2.3.2 By: Next Move for Fed Fund Rate Will Be an Increase | California Current http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/#comment-57 Next Move for Fed Fund Rate Will Be an Increase | California Current Wed, 27 Aug 2008 05:47:21 +0000 http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/#comment-57 [...] this month, I mentioned that the Fed was likely to hold the benchmark interest rate steady at two percent for the rest of 2008.  However, after analyzing the minutes of the Federal Open [...] […] this month, I mentioned that the Fed was likely to hold the benchmark interest rate steady at two percent for the rest of 2008.  However, after analyzing the minutes of the Federal Open […]

]]> By: Heindrick http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/#comment-23 Heindrick Thu, 07 Aug 2008 16:53:15 +0000 http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/#comment-23 I think freezing HELOCs will depend on your specific area and lender. However the trend seems to show that it is still probable since its still in the lenders benefit to reduce this calculated risk. Until values prove stable, banks will still be looking for ways to cut costs and liabilities. One thing I didn't mention in the post, but will address quite soon is the effects of taking out a HELOC. The biggest oversight that some consumers miss is that when taking out a HELOC, depending on the date of origination and lender,this could affect your chances at refinancing later on. I will definitely address this in a later post, so keep an eye out. I think freezing HELOCs will depend on your specific area and lender. However the trend seems to show that it is still probable since its still in the lenders benefit to reduce this calculated risk. Until values prove stable, banks will still be looking for ways to cut costs and liabilities.

One thing I didn’t mention in the post, but will address quite soon is the effects of taking out a HELOC. The biggest oversight that some consumers miss is that when taking out a HELOC, depending on the date of origination and lender,this could affect your chances at refinancing later on. I will definitely address this in a later post, so keep an eye out.

]]> By: Julie http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/#comment-21 Julie Wed, 06 Aug 2008 17:06:13 +0000 http://www.californiamortgagerate.com/californiacurrent/federal-funds-rate-expected-to-hold-steady-for-the-rest-of-2008/#comment-21 This is great news for first time homeowners too. You still have some time to get a great rate. As for HELOCs, do you think there will be more freezes on these lines of credit? This is great news for first time homeowners too. You still have some time to get a great rate. As for HELOCs, do you think there will be more freezes on these lines of credit?

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