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Current economic cycle forces hard decisions for the Federal Reserve

January 17th, 2008 1 Comment

Luxury Mortgage Group is one of the most positive lenders in the country.  Do a Google search for “positive mortgage news” and you’ll see us highly ranked.  However, the importance of the following cold hard economic data and further analysis is of such great importance that I feel it must be seen and understood by […]

Tags: Federal Reserve (FED) · Mortgage Industry News

Luxury Homeowners Get Another Boost From The Federal Reserve

December 11th, 2007 1 Comment

As expected the Federal Open Market Committee voted to cut the fed fund rate by 25 basis points to 4.25% today.  Central bankers were a little wimpier with their discount rate cut – clipping the rate by 25 basis-points rather than the 50 basis points many analysts had anticipated. The Committee only made […]

Tags: Federal Reserve (FED) · Mortgage Industry News · National