Banks Get Help, Mortgage Rates Rise. What Gives?
March 2, 2008
That’s the question on the mind of many of my Tri-Valley real estate clients. Buyers and Sellers are perplexed. Many people are under the impression that the recent moves by the Federal Reserve would directly ease the pain associated with the current housing and credit crisis for home owners and buyers. 
Instead, it appears these moves have veered towards a different path - interest rates have been creeping upward. Some of the reasons for this are that banks are more reluctant to make home loans, they have tightened underwriting standards and they are taking the recent rate cuts to shore up their own balance sheets.
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Do you think the next Fed rate cut in March will help ease the rising mortgage rates?