Jae Wu & Sean McMillan's (wumcmillan) Blog

I felt compelled to address what you have been hearing on the news and reading in the newspapers the last few weeks. It is true that the Federal Reserve has recently cut rates by another .75%; however, these rate cuts do not necessarily mean mortgage interest rates will go down. Dropping the Fed...

Yesterday, as expected, the Fed's cut the Fed fund rates by .25% which means that home equity lines, credit card and other revolving credit is now .25% cheaper. The news that really will affect mortgage interests will be Friday's jobs reports. A good report will be bad for mortgage rates and a wo...

Wow! Again a very volatile week with interest rates going all over the place -DAILY! Have you seen the movie back in the 90's with Eddie Murphy and Dan Ackroyd called Trading Places? At the end of the movie they are in the "Pit" of the trading floor and everyone goes nuts after the orange report...