interest rates: The Fed Cuts Rates: Do You Really Know What Makes Mortgage Interest Rates Rise and Fall?? - 09/19/07 12:20 AM
As everyone knows by now, The US Federal Reserve cut interest rates by 50 basis points today. A half-point cut. This was a very aggressive move to try and avoid a recession that could be caused, in large part, by the housing market. There wasn't a mortgage person or agent I spoke with today … (6 comments)
interest rates: Home Loans Are Very Affordable Today - Why 417,000 Is A Magic Number - 09/07/07 02:11 AM
With all of the negative news, its very hard for our clients to not get caught up in the negativity. Tons of foreclosures, banks going out of business, too much inventory, dramatic warnings of double-digit depreciation. "I am going to wait until things settle down" is commonly heard. You may want to reconsider. Today, … (9 comments)
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As everyone knows by now, The US Federal Reserve cut interest rates by 50 basis points today. A half-point cut. 
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