Things to think about…
Posted by Jordan Crouch on December 3, 2007
Will there be another Fed Rate cute? A month ago everyone said not for the rest of the year. But comments made by Federal Reserve Officials are leading people to wonder if there might be a rate cut soon. The Federal Reserve meets next week. We’ll find out then.
Look for the market to move (up or down) on Friday when the November employment report is released. The housing sector is facing a 20 year low while Treasury Secretary Henry Paulson is pushing for an interest rate freeze on subprime loans.
On the CMBS side of things, there is still $54B of unsold commercial mortgages still outstanding. The conduits are literally out of the market.
