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homes: Fed Discount Window Cut: How it affects your clients and your business - 08/21/07 07:49 AM
The Federal Reserve has taken significant action in the last few weeks due to the credit crunch. And now they've made an unexpected move by cutting the discount window rate - which is great news. I'll get to that in a minute, but first let's look at recent events and understand what they mean.
Market movementTo date, over 120 mortgage companies have closed their doors due to reduced liquidity. The result: Borrowers who want to take out non-conforming loans have fewer, more expensive options.
Many media outlets have incorrectly added fuel to the fire by stating that mortgage lending has stopped … (3 comments)

homes: 913 Tanglewood Circle, Weston Fl 33327 - 08/08/07 11:06 PM
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Dave Magua

Weston, FL

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EWM Realtors

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