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fed reduced interest rates: Fed Drops Mortgage Rates Below 5% - Dallas Mortgage Rates - 03/24/09 04:29 PM
Fed Drives Mortgage Rates Below 5% - dallasnews.com
Less than a day after the Federal Reserve said it would double its purchases of mortgage debt, fixed rates on conforming 30-year mortgages dropped as much as half a percentage point to well under 5 percent.
Many analysts doubt that rates will be headed back up anytime soon.
A check of lenders' Web sites Thursday showed rates ranging from 4.625 percent to 4.75 percent, not including points, for the most creditworthy customers.
Except for a day or so in December, rates are at the lowest levels since at least 1965, according to mortgage … (0 comments)

 

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