Posts Tagged ‘ Federal Reserve Bank ’

Real Estate Radio With Louis Cammarosano 10/17/11

On Monday October 17, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (16:11)

Louis gives his views on Occupy Wall Street. Louis notes the difference between being against capitalism vs being against corportism.   Louis notes that the difference of  someone getting  rich due to the dint of their efforts vs those who do well as a result of favors from the government or the Federal Reserve. Louis notes the marriage of Washington and Wall Street. Louis notes issues with the Federal Reserve. Louis notes that its not an issue of protesting Wall Street OR Washington, but both. Louis notes that the protestors need to get to the root cause of the problems on Wall Street.  Louis notes that OWS is a bit of media creation, noting that they have raised only $300,000 and that media attention creates more attention. Ryan notes that Obama’s job program was defeated. Louis notes that Obama’s program is a typical example of corporate/union cronyism as the money would go to special favors and probably wasted. Louis notes that the Obama’s job program was created to fail in advance as he would like to blame the Republicans for the poor job situation for not passing the  the job bill. Louis notes that even if the Congress were to cut spending, the Federal Reserve could still spend money in secret. Louis notes Ron Paul is the only candidate in favor of shutting down the Federal Reserve

Continue reading this post


Posted by: Louis Cammarosano on October 23rd, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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National Mortgage Rates Report: May 28, 2008

Mortgage rates jumped in the past 7 days because of rising oil prices. This is the staglationary fear I expected. Mortgage rates have increased to 6.0% (30 year fixed) today.

I expect mortgage rates to rise another .25% in the next 14 days for these reasons:

  1. Possible uncertainty at the Federal Reserve Bank.
  2. Oil above $125/barrel (which translates to $4/gal. gasoline at the pump)
  3. Inflation affecting the European economy.

Bond traders hate uncertainty so we expect a lot of volatility through Labor Day. Continue reading this post


Posted by: Brian Brady on May 28th, 2008 under Financing, Mortgage and Home Loans


National Mortgage Rates Report- Mar.18, 2008 – Fed Cut .75%

The Federal Reserve Bank Cut both the discount rate and federal funds rate .75% today in an effort to stimulate this slowing economy.

While commodities’ prices accelerate, the housing market and subsequent liquidity crisis is dragging the economy into a recession.

We call this phenomenon stagflation and it’s REALLY bad for the economy. The Fed has been aggressively cutting interest rates and the declining housing market is closing down mortgage companies, investment banking firms, and real estate brokerages. What more can the Fed do to help?

The Fed can (and will) buy mortgage-backed securities.

Rather than to buy treasury notes in the open market, the Fed will be buying mortgage-backed securities. They will want to get those assets off investment banking firms’ balance sheets and provide stability to the MBS market. Remember when I said that only the uneducated pay attention to the treasury note to determine the direction of mortgage rates?

Today is proof.

The spread between treasury notes and mortgage-backed securities has been widening these past six weeks. Why? America was considered to be a sub-prime nation; everybody was expected to default on their home loans. Expect the Fed to prop up the MBS market in the next 4-6 weeks. That will be bad for treasury notes and good for MBS. Continue reading this post


Posted by: Brian Brady on March 18th, 2008 under Financing, Mortgage and Home Loans

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