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fed rates: Rate Update...Rates Fall as Inflation Rises (Yes, as inflation rises!) - 02/23/07 02:05 PM
Every week, I send out an email to all local Realtors, titled, "Rate Knowledge going into the Weekend." It includes commentary on the current state of the market and mortgage interest rates and a list of rates and programs. I will also include that information here each Thursday, for anyone interested. It's a concise way of keeping up on rates and also can be helpful when you are working with clients over the weekend and they want more information on where rates are at and where they may be headed. Many local Realtors print them out and use them on the weekend and … (0 comments)

fed rates: What the Feds decision means for you - 02/01/07 07:46 PM
For the first time this year, the Federal Open Market Committee met and decided to keep the Federal Funds rate at 5.25%. The Prime Rate is fixed at 3% over whatever the Federal Funds rate is, so it remains at 8.25%.
Many borrowers track the movement of the Prime Rate because it is the rate that Home equity lines of credit (HELOCS) are tied to. Borrowers could be "AT PRIME," meaning they qualify for a rate equal with whatever the current Prime Rate is or at a margin above or below the Prime Rate. A borrowers margin will likely stay fixed, but … (23 comments)

 

Julia Rogers Segovia

Capitola, CA

More about me…

Wells Fargo Home Mortgage

Address: 2265 41st Avenue, Capitola, CA, 95010

Office Phone: (831) 465-4003

Cell Phone: (831) 419-1195

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