Real estate blog entries tagged with prime rate by Julia Rogers Segovia (Wells Fargo Home Mortgage)

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Home : Blogs : Julia Rogers Segovia : Julia Rogers Segovia's Blog : Tag "prime rate"

prime rate: 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)

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Julia Rogers Segovia

Capitola, CA

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Wells Fargo Home Mortgage

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

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