{"id":3284,"date":"2008-06-27T18:25:35","date_gmt":"2008-06-28T01:25:35","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3284"},"modified":"2008-06-27T18:25:35","modified_gmt":"2008-06-28T01:25:35","slug":"mortgage-market-week-in-review-the-fed-translated","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3284\/mortgage-market-week-in-review-the-fed-translated\/","title":{"rendered":"Mortgage Market Week in Review – the Fed Translated…."},"content":{"rendered":"

Hi all,<\/p>\n

I want to thank Greg and Teri and Brian and….everyone for the honor of being invited to hang out with such an esteemed bunch.\u00a0 I’m really excited about it and looking forward to working, talking and “raising the bar.”<\/p>\n

I’ll do up a post next week telling a little more about “my story,” but for now I wanted to put up the post that I write every week for my blog<\/a>.\u00a0 I call it “Mortgage Market Week in Review” and it’s my overview of what’s been happening in the market and how it impacts the real estate world.\u00a0 I hope you enjoy it.<\/p>\n

For this week’s “Mortgage Market Week in Review,” I’m going to translate the Fed’s announcement that came out on Wednesday at 2:15 PM. It will, I believe, help give us a better view of what’s happening in the financial markets. The actual statement by the Fed will be in italics, my comments will be in bold.<\/span><\/div>\n
<\/span>The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. <\/em><\/span><\/p>\n

That, in and off itself, says that the Fed sees things as having changed since the last time they met. The last time they met, they felt that the economic weakness issue was more important than the risk of inflation. Now they are saying that it’s pretty much a tie as to which risk is bigger.<\/strong><\/span><\/p>\n

Recent information indicates that overall economic activity continues to expand, <\/em>Remember, they are looking at the big picture and are looking at things nationally. <\/strong>partly reflecting some firming in household spending <\/em>Household spending has firmed some, but a closer look at the charts (which I won’t bore you with here) shows that consumer spending is either 1) Spent on essentials like food and gas or 2) drifting slowly downward. So, I don’t see the household spending holding up, especially as people have to cut back in spending in other areas because of the cost of food and gas for their cars.<\/strong><\/span><\/p>\n

However, labor markets have softened further <\/em>As the labor markets soften (a nice way for Read more<\/a><\/strong><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Hi all, I want to thank Greg and Teri and Brian and….everyone for the honor of being invited to hang out with such an esteemed bunch.\u00a0 I’m really excited about it and looking forward to working, talking and “raising the bar.” I’ll do up a post next week telling a little more about “my story,” […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,175,5],"tags":[176,178,177],"class_list":{"0":"post-3284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"category-project-blooodhound","8":"category-real-estate","9":"tag-markets","10":"tag-mortgage-rates","11":"tag-the-fed","13":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":761,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/761\/why-the-fed-matters-to-real-estate\/","url_meta":{"origin":3284,"position":0},"title":"Why The Fed Matters to Real Estate","author":"Dan Green","date":"December 12, 2006","format":false,"excerpt":"The Federal Open Market Committee meets today and will keep the Fed Funds Rate unchanged at 5.250%. It is not what the Fed does, however, that should concern Americans. It's what the Fed says. First, a clarification. The Fed Funds Rate is directly tied to Prime rate which impacts lines\u2026","rel":"","context":"In "Enduring Interest"","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17897,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17897\/where-have-all-the-buyers-gone\/","url_meta":{"origin":3284,"position":1},"title":"Where have all… the buyers gone?","author":"Brian Brady","date":"February 26, 2021","format":false,"excerpt":"If you work with home sellers, the pandemic has been good to you... VERY good to you. If you mostly work with buyers, the pandemic has been sheer hell for you. All of that may change in 2021.\u00a0 \u00a0If you spend 5 minutes reading what I am writing, you will\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2021\/02\/BlackFriday-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5161,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5161\/mortgage-market-week-in-review-13\/","url_meta":{"origin":3284,"position":2},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"October 24, 2008","format":false,"excerpt":"Here we are on Friday again.\u00a0 That means that it\u2019s time to try to summarize what\u2019s going on in the mortgage and finance world.\u00a0\u00a0 I\u2019m going to talk about a couple of main things:\u00a0 the economic fundamentals, some earnings reports\u00a0and the \u201cmargin calls\u201d that are going on in the equity\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10462,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10462\/the-next-step\/","url_meta":{"origin":3284,"position":3},"title":"The Next Step….","author":"Tom Vanderwell","date":"December 1, 2009","format":false,"excerpt":"I've had a lot of people ask me lately, \"Tom, what do you see is coming next?\u00a0\u00a0 What's the next step in this mess?\"A couple of thoughts at this point:Anyone short of Nouriel Roubini, Paul Krugman, Meredith Whitney and maybe a few others who tell you that they KNOW how\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7526,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7526\/the-fed-translated-5\/","url_meta":{"origin":3284,"position":4},"title":"The Fed Translated…..","author":"Tom Vanderwell","date":"March 18, 2009","format":false,"excerpt":"Well, it's time to do a little Fed translating again.\u00a0\u00a0 This one was a big one, so settle in and let's translate it.\u00a0\u00a0\u00a0 As usual, my comments are in bold and italics.Release Date: March 18, 2009 For immediate release Information received since the Federal Open Market Committee met in January\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13664,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13664\/i-just-feel-that-mortgage-rates-could-drop-for-a-short-period-of-time\/","url_meta":{"origin":3284,"position":5},"title":"I just “feel” that mortgage rates could drop, for a short period of time","author":"Brian Brady","date":"November 18, 2010","format":false,"excerpt":"Didn't I just tell you mortgage rates will be rising,\u00a0 ten days ago? I sure did, and I think I offered a pretty solid, fundamental explanation of how the bond bubble will pop.\u00a0 That hiss you heard, directly after my post, was the rapid escape of helium from the bond\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3284"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}