The Fed Cuts Rates Again --- But Home Loan Rates Could Go Up!!! Jan 30, 2008 - 01/30/08 04:11 PM

Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, the Federal Reserve cut key interest rates again, the fifth straight cut since September 2007. In its statement last week, the Fed said it had decided to cut the federal funds rate "in view of a weakening of the economic outlook and increasing downside risks to growth." In other words, economic data suggests the US is on the brink of recession, and the Fed is acting accordingly.
Who benefits from this cut?
If you have a loan that is directly tied to the … (0 comments)

 

Loan Officer Darren Orshoff - Certified Mortgage Planner

Riverside, CA

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