Real Estate Finance Alerts

Search Foreclosure Listings

You can now search nationwide for foreclosures, pre-foreclosures, For Sale By Owner, and tax lien listings all from my web site.  Search Foreclosure Listings or go to www.toddhuettner.com/ForeclosureListings

FED Rate CUT Odds

Futures indicate 100% odds the FED will CUT the FED Funds Target Rate at the October 29th FOMC meeting; likely by 0.25 or 0.50 point.  See the FED probabilities charts here.  

What Happened This Week  

Interest Rates - The FED cuts rates last week and mortgage interest rates moved sharply higher last week.  Rates for 30 year fixed rates are currently about 0.5% higher than before the FED cut.  However, rates slowly moved lower this week and will likely continue lower as we get closer to the next FED meeting October 28th - 29th. 

Market Volatility - Volatility was the theme this week in the stock markets.  While market volatility is part of the bottoming process of a Bear Market, these swings are much larger and quicker than usual due to hedge fund liquidations and margin selling.  Each time the market moves more than a few hundred points in either direction, the liquidations and margins boost the market a few extra hundred points in that direction.

What is the Value of Your Home?

If you have not used it before, try out the Home Price Index Tool.  www.toddhuettner.com/HomePriceIndex

Have a great weekend!

Todd Huettner
303-758-7402
todd@toddhuettner.com
www.toddhuettner.com