No.
That is what the historical facts show, though the talking heads on TV and local mortgage brokers may tell you otherwise.
Historically, going back at least 30 years, lowering of rates by the Fed does not co-relate with a decline in 30 year fixed mortgage rates.
There are various reasons.
You may have [...]

As I stated in my previous article, you have a limited number of options when you are served with a foreclosure on your home. For many, the best option may be to fight the foreclosure. “How is this possible?,” you may ask. “How can I fight my huge mortgage company with all of its tall [...]

An absolutely marvelous minimalist cartoon explanation of what caused the subprime mortgage crisis has been circulating on the net for the past month or so. Although some of the language is a bit salty, it’s actually the best explanation I’ve seen for how we ended up in the mess we’re in.
The slideshow may be found [...]

Have you been served with a foreclosure? Here are your options:
1) Your mortgage servicer’s loss mitigation department may provide you with a “reinstatement figure.” If you pay it, the servicer will reinstate the mortgage and dismiss the foreclosure. This option typically has a couple of problems associated with it. First of all, the servicer will [...]

If things weren’t bad enough in the mortgage lending industry, it’s getting worse - even for those with good credit.  According to an AP article, mortgage insurers, the companies that insure a mortgage loan in the event that the loan goes into default, have flagged almost a quarter of the nation’s zip codes where they [...]

The Home Ownership Preservation Foundation’s mission is “to help homeowners avoid foreclosure.” HOPF is a nonprofit organization that provides HUD-approved counselors to advise homeowners facing foreclosure at no cost to the homeowner. The telephone number is 1-888-995-HOPE.
Counselors are provided by companies including Auriton Solutions, Consumer Credit Counseling Services of Atlanta, Consumer Credit Counseling [...]

Why is it that the Fed rushed to the aid of Bear Stearns, worked all weekend, and came up with a solution to the problem. Yet they cannot come up with a solution to solve the mortgage crisis. It seems to me that several million homeowners facing foreclosure and several million more [...]

If you’ve been wondering how the sub-prime mortgage meltdown could seemingly tank the entire economy, David Leonhardt explains it better than anyone else I’ve read.
Higher returns almost always come with greater risk. But people — by “people,” I’m referring here to Mr. Greenspan, Mr. Bernanke, the top executives of almost every Wall Street firm [...]

     More than one observer thinks the prime mortgage market will follow in the footsteps of the sub-prime crisis.
This analysis focuses the attention on the credit bubble, instead of blaming the borrowers.
Who should be held to a higher standard, Alan Greenspan pumping up the money supply, creating the bubble, or people being pushed to buy [...]

Our local IRS special procedures folks met with Chapter 13 lawyers this week and said: watch out for defective 1099’s reporting cancellation of debt “income”. Save your documents surrounding foreclosures, the debt involved, your basis and the property’s value.
We lawyers rolled our eyes when IRS proposed that we send our clients back [...]