Scott Phippen Lending Team

Posts Tagged ‘Rates’

Thinking back on all the years we’ve been in business, we’ve had the wonderful opportunity to assist people with their mortgage needs. Whether it be the purchase of a new home or a refinance we’ve had the great opportunity to get to know a lot of wonderful people. We’ve written the following article to help you understand the importance of finding the right lender. We also want to emphasize the excitement and passion we have for the industry we work in. We’ve spent hours upon hours studying and learning how the mortgage market moves and works, so we can use that knowledge for the betterment of our clients and their unique situations. We’d encourage you to take a read and pass the article along to your friends and family. With the Scott Phippen Lending Team, we are here to serve YOU. We hope you enjoy!

If you’ve ever wondered how interest rates work? Take just a few minutes and watch this great video. It’s a very simplified version of how interest rates move UP and DOWN in this very volitale market. You’ll get a small taste of what we monitor each and every day. Enjoy the video!

Now I stumbled upon this video courtesy of our friends at Think Big Work Small. They took a clip from a hearing on Capitol Hill with Federal Reserve Chief Ben Bernanke. We’ve taken the liberty to post this video here, to show you that Knowledge is Key in any industry, but especially ours. You’ll clearly see that the Representative that is challenging Mr. Bernanke has no knowledge of what rates affect what. The scary part is that these Representatives are representing you and I. Now we know that many don’t know the difference between the Federal Funds Rate and the Discount Rate, but when you are at the highest levels of our government, you’d hope that they would have acquired that knowledge. Enjoy the Video! (Remember to turn the volume up just a bit.)