The Veridian Blog

Mortgage rates have been softening a bit the last two weeks as economic data showed no signs of inflationary trouble plus the fact that housing sales are at extremely low levels.  What this adds up to is a strong likelihood that the Fed will lower the Fed Funds Rate by at least 0.25% on September 18.  I don't seem to be seeing it in writing anywhere else, but we remain confident that a move is imminent.  What this means is that there will be a trickle-down affect to end consumers like you and I, particularly in the shorter-term products like 3/1 and 5/1 ARMs. 

This will help, but not resolve, the current liquidity crisis.  Despite all the subprime turmoil, there remains loads of hybrid-ARM loans set to convert to higher adjustable rates in 2008 and 2009.  This will place added strain on the pocketbooks of many homeowners who must deal with higher mortgage payments and thus thwart further economic advances.

If you have an hybrid-ARM set to convert soon, call us so we can strategize well in advance of any conversion date.

As you can see, v4 of our website is complete - please email me with any thoughts, comments, suggestions, etc.  As with any dynamic site, it is a continual work-in-progress.  By end of 2007, all content on the site will be 100% original - no feeds or outsourcing.  Everything will be straight from my brain.  I suppose it's time to call the copyright attorney!