Whoa! What in the wild world of sports happened yesterday?!  Mortgage rates absolutely tumbled, which is obviously great news for the housing market.  We actually saw rates on 30 year fixed rate mortgages drop as low as 5.25%.
So what happened?
In a bold move, the Fed announced that it would be buying up to $500B in [...]
Posts Tagged ‘interest rates’
The Fed Announces It Will Buy a Half Trillion Dollars in Mortgage Bonds; Interest Rates Tumble
Wednesday, November 26th, 2008Pasadena CA Homes for Sale & Interest_ing Rates
Tuesday, June 24th, 2008
When you hear the word “sensitive” the Pasadena real estate market is probably not the first thing that springs to mind. That being said, we are probably in the midst of the most sensitive housing market in years. Volatility will continue to reign, until time has a chance to cure the current ills.
If you are [...]






