PARAMOUNT MORTGAGE - LENDER'S BLOG Fed Rate-Cut Winners and Losers January 23rd, 2008 4:52 PM  by Chris Kissell, Sheyna Steiner, Laura Bruce, and Leslie McFadden - bankrate.com When the Federal Reserve meets and changes rates we all have questions: What does it mean to me? Will my mortgage rate go up or down? Is this a good time to refinance? We've looked at five categories -- mortgages, home equity loans, auto loans, credit cards and certificates of deposit -- to determine if the Fed's moves made you a winner or a loser. Here's a look at mortgages: Winner: Borrowers with good credit The surprise decision by the Federal Open Market Committee to cut the federal funds target by 75 basis points likely reflects growing fears that the U.S. economy is weakening. Ironically, such worries may be good for people hoping to see lower mortgage rates. Read the full story: Link Posted by Customer Service on January 23rd, 2008 4:52 PMPost a Comment (0) * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: New IRS rules for rental & investment properties Home buying could soon beat renting Borrowers Get Credit for Renting Credit Score Myth FHA extends anti-flipping waiver through 2012 Who will be buying homes in 2012? Payroll Tax Cut Passes House with G-Fee Increase Fed Takes No Action, Closes Books on 2011 Call to ARMs Preventing Contract Failures Archive: November 2007 A Primer on Homeowner Tax Breaks Posted by Customer Service on November 26th, 2007 4:49 PM Pay Off The House? Not So Fast Posted by Customer Service on November 26th, 2007 4:41 PM Forbes survey shows St. Louis bucks the current real estate trends Posted by Customer Service on November 15th, 2007 3:43 PM Why Buying a Home Is the Best Option Posted by Customer Service on November 13th, 2007 2:32 PM Tax bills could make your mortgage payments balloon Posted by Customer Service on November 13th, 2007 2:28 PM Reputation, fees count toward winning your business Posted by Customer Service on November 13th, 2007 12:29 PM November 2011 U.S. Home Ownership Rates Increase Posted by Customer Service on November 23rd, 2011 1:31 PM First-Time Home Buyers Remain Steady Posted by Customer Service on November 4th, 2011 11:26 AM Home purchase fell through - now what? Posted by Customer Service on November 3rd, 2011 10:08 AM October 2011 Road MAP to the New FTC Rule Posted by Customer Service on October 21st, 2011 10:15 AM Paramount Mortgage Opens New Yakima Branch Office Posted by Customer Service on October 18th, 2011 9:51 AM Top First-Time Homebuyer Mistakes Posted by Customer Service on October 14th, 2011 9:08 AM The Future of the Home: Urban and Smaller, but Still Owned Posted by Customer Service on October 3rd, 2011 12:09 PM September 2011 FICO® Scores Have Shifted Posted by Customer Service on September 23rd, 2011 10:08 AM Home Economics Challenge: Matching Home Appraisals and Sales Price Posted by Customer Service on September 16th, 2011 10:25 AM Appraisers Get New Standards Posted by Customer Service on September 9th, 2011 11:29 AM Slash Your Cost of Home Ownership Posted by Customer Service on September 2nd, 2011 8:11 AM August 2011 Loan Programs to Change on October 1st Posted by Customer Service on August 29th, 2011 8:35 AM Borrowers Move to Shorter Term Mortgages Posted by Customer Service on August 19th, 2011 3:46 PM Bill Would Extend Higher Loan Limits Posted by Customer Service on August 15th, 2011 10:39 AM The Big Business of Credit Scoring Posted by Customer Service on August 5th, 2011 1:03 PM July 2011 New FHA Condo Rules Draw Complaints and Legal Action Posted by Customer Service on July 29th, 2011 3:54 PM Many Home Owners in Denial About Price Posted by Customer Service on July 22nd, 2011 1:20 PM Bottom Line: Now is a great time to buy a house! Posted by Customer Service on July 18th, 2011 9:51 AM Tomorrow’s Homebuyer Wants Affordability, Efficiency Posted by Customer Service on July 8th, 2011 12:25 PM Your Customers Are Not Who You Think Posted by Customer Service on July 5th, 2011 9:43 AM June 2011 Buying Beats Renting in 80 Percent of U.S. Cities Posted by Customer Service on June 29th, 2011 3:16 PM Financial Expert Dave Ramsey “Goes Off” About LOW Mortgage Interest Rates Posted by Customer Service on June 17th, 2011 9:28 AM Know the "No"— Is it you or your Lender? Posted by Customer Service on June 9th, 2011 1:07 PM Parents Buy Homes for College Students Posted by Customer Service on June 3rd, 2011 9:48 AM May 2011 Home Finance Tips to Improve Credit Scores Posted by Customer Service on May 31st, 2011 8:34 AM Falling values, rising taxes in most area communities Posted by Customer Service on May 20th, 2011 1:33 PM Home selling tax tips for accidental landlords Posted by Customer Service on May 13th, 2011 9:11 AM Your mortgage rate is treated like auto insurance Posted by Customer Service on May 6th, 2011 1:17 PM April 2011 Four Costly Home Buying Contract Errors Posted by Customer Service on April 28th, 2011 2:53 PM What new home buyers need to know Posted by Customer Service on April 22nd, 2011 10:00 AM Military Home Buyer Tax Credit Expires Soon Posted by Customer Service on April 15th, 2011 9:44 AM Condo associations and owners battle it out Posted by Customer Service on April 8th, 2011 10:06 AM FHA Concessions on Seller Concessions? Posted by Customer Service on April 1st, 2011 9:18 AM March 2011 Edge Out the Competition with a Pre-Approved Mortgage Posted by Customer Service on March 28th, 2011 2:53 PM Tax Season Tips for Home Owners Posted by Customer Service on March 21st, 2011 8:08 AM 10 reasons people decide to buy a home Posted by Customer Service on March 11th, 2011 10:13 AM S.A.F.E. Mortgage Banking Posted by Customer Service on March 4th, 2011 9:30 AM February 2011 Don't penalize qualified, responsible homebuyers Posted by Customer Service on February 25th, 2011 10:10 AM FHA Announces Fee Hike Posted by Customer Service on February 18th, 2011 9:11 AM Losing Fannie Mae and Freddie Mac Would Increase Mortgage Interest Rates Posted by Customer Service on February 11th, 2011 2:55 PM Mortgage Interest Deduction Under Fire Posted by Customer Service on February 4th, 2011 9:17 AM January 2011 FHA's Flipping Rule Waiver Expires February 1st; Extension Expected Posted by Customer Service on January 28th, 2011 11:22 AM New Mortgage Disclosure Form in the Works Posted by Customer Service on January 24th, 2011 8:50 AM Housing Starts Expected to Climb in 2011 Posted by Customer Service on January 24th, 2011 8:46 AM The Best Way to Help Your Kid Buy a Home Posted by Customer Service on January 14th, 2011 8:24 AM Home sweet homeowner tax breaks Posted by Customer Service on January 10th, 2011 8:37 AM Middle Class Tax Relief Act Summary Posted by Customer Service on January 3rd, 2011 8:40 AM December 2010 Buying a Home Now is a No-Brainer Posted by Customer Service on December 27th, 2010 8:23 AM Action plan for 2011 Posted by Customer Service on December 17th, 2010 4:14 PM The Language of Closing Posted by Customer Service on December 17th, 2010 4:06 PM Time is money: Do the math Posted by Customer Service on December 10th, 2010 2:45 PM November 2010 It doesn't pay to remodel your home Posted by Customer Service on November 22nd, 2010 10:06 AM Make Low Mortgage Rates Work for You Posted by Customer Service on November 18th, 2010 9:08 AM Should you cosign for your kid? Posted by Customer Service on November 5th, 2010 4:00 PM October 2010 When 'Cash-In' Refis Pay Posted by Customer Service on October 29th, 2010 1:56 PM Credit Scores: How 720 became the new 680 Posted by Customer Service on October 22nd, 2010 11:45 AM First-Time Home Buyers Stoke Demand for Smaller, Less Expensive Homes Posted by Customer Service on October 15th, 2010 10:22 AM Buyers Rush to Beat FHA Tightening Posted by Customer Service on October 13th, 2010 3:52 PM National Flood Insurance Program to be Extended Posted by Customer Service on October 1st, 2010 9:58 AM September 2010 Dodd-Frank Bill Sunsets HVCC; New Rules Being Decided Now Posted by Customer Service on September 24th, 2010 11:10 AM Majority of Americans Believe Home Prices Have Bottomed Posted by Customer Service on September 17th, 2010 2:10 PM Mortgages that Require Little Money Down Posted by Customer Service on September 10th, 2010 11:35 AM Four Big Money Mistakes of First-Time Homebuyers Posted by Customer Service on September 3rd, 2010 9:46 AM August 2010 Mortgage closing costs are on the rise Posted by Customer Service on August 27th, 2010 1:41 PM Housing Affordability Surges Report Says Posted by Customer Service on August 20th, 2010 11:12 AM FHA Ready to Reduce Seller Concessions Posted by Customer Service on August 11th, 2010 4:25 PM July 2010 Low Credit Scores Have a Huge Impact - But Can be Repaired Posted by Customer Service on July 30th, 2010 11:31 AM Fannie Mae's LQI Tightens Underwriting Rules Posted by Customer Service on July 23rd, 2010 9:11 AM New Guidelines for Choosing Appraiser, Comps Posted by Customer Service on July 9th, 2010 9:14 AM Senate Extends Tax Credit Closing Deadline to September 30 Posted by Customer Service on July 6th, 2010 1:54 PM June 2010 Deadline Looms for Missouri's HOPE Tax Credit Posted by Customer Service on June 25th, 2010 12:52 PM Pending Home Sales Surge Continuing Posted by Customer Service on June 24th, 2010 4:58 PM Foreclosure Myths and Realities Posted by Customer Service on June 11th, 2010 7:46 PM What's New In Lending? Posted by Customer Service on June 3rd, 2010 2:42 PM May 2010 The National Flood Insurance Program Set to Expire Again Posted by Customer Service on May 27th, 2010 8:10 AM One Example of How an ARM Loan Isn't All That Toxic Posted by Customer Service on May 7th, 2010 8:30 AM Safer Renovations, But At a Price Posted by Customer Service on May 4th, 2010 9:57 AM April 2010 Economist Commentary: The Current State of the Housing Market Posted by Customer Service on April 22nd, 2010 4:05 PM Last-Minute Home Buyer Tax Credit Tips Posted by Customer Service on April 16th, 2010 1:00 PM First-Time Buyers: What Research Tells Us Posted by Customer Service on April 9th, 2010 10:39 AM March 2010 Important Reminders about FHA Policy Changes Posted by Customer Service on March 26th, 2010 10:59 AM Deployed Military Gets a Break Posted by Customer Service on March 19th, 2010 10:27 AM Phones Ringing as Deadline Looms Posted by Customer Service on March 12th, 2010 9:25 AM Homebuyers' Negotiating Power Rises Posted by Customer Service on March 4th, 2010 3:16 PM St. Louis Ranks in the Top Ten of America's Best Housing Markets Posted by Customer Service on March 4th, 2010 1:52 PM February 2010 Price Reductions Level-Off Showing Signs of Stability Posted by Customer Service on February 19th, 2010 7:57 AM Paramount Mortgage Celebrates Milestone Posted by Customer Service on February 16th, 2010 7:46 AM IRS Clears The Air On Tax Credit For Homeowners Posted by Customer Service on February 4th, 2010 6:13 PM January 2010 Banks Pursue Mortgage Payoffs Long After Homeowners Default Posted by Customer Service on January 28th, 2010 4:39 PM FHA Policy Changes Address Risk Posted by Customer Service on January 22nd, 2010 8:11 AM Upscale Remodeling Projects that Pay Posted by Customer Service on January 15th, 2010 7:43 AM Some Areas Hot; Others Take a Breather Posted by Customer Service on January 8th, 2010 11:53 AM Top Savvy Home Buying Tips for 2010 Posted by Customer Service on January 6th, 2010 4:10 PM December 2009 Are Free Credit Reports Really Free? Posted by Customer Service on December 31st, 2009 9:17 AM Giving the Gift of a Down Payment Posted by Customer Service on December 24th, 2009 9:10 AM Nine Consecutive Gains for Pending Home Sales Posted by Customer Service on December 18th, 2009 11:27 AM IRS Tips About The Extended First-Time Homebuyer Credit Posted by Customer Service on December 17th, 2009 9:35 AM Proposed Missouri Program to Pay First-Year Property Taxes Posted by Customer Service on December 3rd, 2009 9:49 AM November 2009 $1.5 Trillion Mortgage Originations Forecast for 2010 Posted by Customer Service on November 20th, 2009 11:09 AM Reappraising Home Appraisers Posted by Customer Service on November 11th, 2009 3:36 PM FHA Sets High Bar: 2 Million Loans Posted by Customer Service on November 2nd, 2009 10:52 AM October 2009 Fraudulent Claims Taint Tax Credit Program Posted by Customer Service on October 23rd, 2009 9:31 AM Housing Prices: A Ray of Sunshine Posted by Customer Service on October 16th, 2009 9:30 AM Can Your Credit Score be Too Good? Posted by Customer Service on October 12th, 2009 8:55 AM What the housing 'rebound' means for you Posted by Customer Service on October 1st, 2009 4:49 PM September 2009 Deadline looms for first-time homebuyers Posted by Customer Service on September 17th, 2009 5:20 PM Top Things A Listing Agent Won't Tell Sellers, (But Really Should...) Posted by Customer Service on September 11th, 2009 11:44 AM Mortgage Bankers Association proposes replacing Fannie, Freddie Posted by Customer Service on September 9th, 2009 11:09 AM August 2009 92% Say Home is Good Investment Posted by Customer Service on August 21st, 2009 5:50 AM How not to sell your house Posted by Customer Service on August 17th, 2009 8:48 AM FHA Market Share Tops Posted by Customer Service on August 17th, 2009 8:20 AM July 2009 Sales of New Homes Surge Posted by Customer Service on July 31st, 2009 7:06 AM New Government Regulations Become Effective July 30th Posted by Customer Service on July 24th, 2009 12:50 PM Rate of Loan Delinquencies Decline in St. Louis District Posted by Customer Service on July 20th, 2009 9:15 AM Mortgage Fraud Rampant and Growing According to the FBI Posted by Customer Service on July 20th, 2009 9:14 AM New Incentive to Buy Now Through St. Charles County Program Posted by Customer Service on July 6th, 2009 1:32 PM June 2009 Educate yourself about closing costs Posted by Customer Service on June 23rd, 2009 11:41 AM Builders Serving Mature Home Buyer Market See More Consumer Interest Posted by Customer Service on June 12th, 2009 9:11 AM As the Foreclosed Move Out, First-Time Buyers Move In Posted by Customer Service on June 5th, 2009 11:46 AM US new home sales edged higher in April Posted by Customer Service on June 4th, 2009 8:17 AM May 2009 It's Real Estate Season - Or is it? Posted by Customer Service on May 22nd, 2009 9:43 AM Mortgage Scam Alert Posted by Customer Service on May 22nd, 2009 9:42 AM Get Ready for a Home Inspection Posted by Customer Service on May 22nd, 2009 9:02 AM New Appraisal Rules Effective May 1st Posted by Customer Service on May 1st, 2009 9:29 AM Bill targets bad mortgage brokers Posted by Customer Service on May 1st, 2009 9:26 AM April 2009 The next wave of home buyers is forming Posted by Customer Service on April 17th, 2009 7:51 AM Options for first-time homebuyers to maximize their tax credit Posted by Customer Service on April 3rd, 2009 6:00 AM March 2009 There has never been a better time to buy! Posted by Customer Service on March 26th, 2009 2:05 PM Part Two: Predictions for 2009 Posted by Customer Service on March 19th, 2009 1:05 PM Predictions for 2009 Posted by Customer Service on March 13th, 2009 12:49 PM Paramount Mortgage Acquires Pinnacle Financial Services, Inc. Posted by Customer Service on March 2nd, 2009 8:53 AM BREAKING NEWS -- FHA Limit have increased Posted by Customer Service on March 2nd, 2009 8:37 AM February 2009 The New Rules of Mortgage Lending Part 2 Posted by Customer Service on February 20th, 2009 6:17 AM The New Rules of Mortgage Lending Posted by Customer Service on February 13th, 2009 8:38 AM January 2009 MHDC’s TCAL program first in the nation Posted by Customer Service on January 30th, 2009 10:53 AM Boomers on the Move Posted by Customer Service on January 30th, 2009 10:49 AM Wanted: First-time homebuyers Posted by Customer Service on January 9th, 2009 6:07 AM Preparing for 2009 Posted by Customer Service on January 6th, 2009 9:01 AM December 2008 First-Time Home Buyer's $7,500 Tax Credit Posted by Customer Service on December 31st, 2008 8:12 AM St. Louis lands in Forbes’ top ten Posted by Customer Service on December 29th, 2008 6:53 AM KMOV Interviews Ruth E. Battle Posted by Customer Service on December 12th, 2008 8:12 AM October 2008 Paramount Opens New Office Posted by Customer Service on October 7th, 2008 11:39 AM April 2008 Fannie issues warning to anyone "walking away" Posted by Customer Service on April 15th, 2008 12:00 PM March 2008 Why mortgage rates are still heading higher Posted by Customer Service on March 31st, 2008 11:29 AM Don't Believe Everything You Read Posted by Customer Service on March 14th, 2008 6:01 PM February 2008 Fannie Mae Slides New Fees Under Consumer’s Noses. Posted by Customer Service on February 27th, 2008 5:51 PM Five Homeownership Tax Myths Posted by Customer Service on February 20th, 2008 5:11 PM National Issues, Local News. Posted by Customer Service on February 13th, 2008 2:51 PM First-time homebuyers' guide to taxes Posted by Customer Service on February 5th, 2008 12:54 AM January 2008 Paramount President Shares Sane Suggestions Posted by Customer Service on January 28th, 2008 2:30 PM Paramount answers your mortgage questions Posted by Customer Service on January 24th, 2008 12:13 PM Fed Rate-Cut Winners and Losers Posted by Customer Service on January 23rd, 2008 4:52 PM Good Mortgage Rates Are Still Out There Posted by Customer Service on January 16th, 2008 5:23 PM America's Pursuit Of Happiness Posted by Customer Service on January 7th, 2008 5:39 PM States Look at Ways to Cut Burdensome Property Taxes Posted by Customer Service on January 2nd, 2008 4:10 PM December 2007 No Quick Fix for Subprime Mortgages Posted by Customer Service on December 10th, 2007 5:09 PM Don't Be Afraid of the Big Bad Housing Market Posted by Customer Service on December 3rd, 2007 5:16 PM November 2011 (3) October 2011 (4) September 2011 (4) August 2011 (4) July 2011 (5) June 2011 (4) May 2011 (4) April 2011 (5) March 2011 (4) February 2011 (4) January 2011 (6) December 2010 (4) November 2010 (3) October 2010 (5) September 2010 (4) August 2010 (3) July 2010 (4) June 2010 (4) May 2010 (3) April 2010 (3) March 2010 (5) February 2010 (3) January 2010 (5) December 2009 (5) November 2009 (3) October 2009 (4) September 2009 (3) August 2009 (3) July 2009 (5) June 2009 (4) May 2009 (5) April 2009 (2) March 2009 (5) February 2009 (2) January 2009 (4) December 2008 (3) October 2008 (1) April 2008 (1) March 2008 (2) February 2008 (4) January 2008 (6) December 2007 (2) November 2007 (6) My Favorite Blogs: Sites That Link to This Blog:

Paramount Bond & Mortgage Co., Inc. • NMLS ID: 67856
Trade names: Paramount Mortgage Company • PMC Mortgage
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Paramount Mortgage Company: Missouri NMLS ID: 67856 • 347 N. Lindbergh Blvd., St. Louis, MO 63141 • Phone: (314) 372-4300  • Toll-Free: (800) 735-5957 • Fax: (314) 372-4399  Branch Offices – Florida: Florida NMLS ID: 67856 •  4511 North Himes Ave., Suite 200, Tampa, FL 33614 • (813) 449-4260 • Fax: (888) 258-0619   California: California ID: 41310735850 • Canoga Ave, Suite 400, Woodland Hills, CA 91364  • Phone: 818-710-7165  PMC Mortgage Washington: Washington ID: CL-67856 • 14205 SE 36th Street, Suite 100, Bellevue, WA 98006 • Phone: (425) 637-0700  • Fax: (425) 671-5488   PMC Mortgage Idaho: Idaho ID: MBL-7528 • 1875 N. Lakewood Dr., Suite 102, Coeur d'Alene, ID 83814 • Phone: (208) 765-5626 • Fax: (208) 667-2766  State Licences: Texas: SML 50448 • Illinois: MB 0006371