Have We Reached Bottom? - 02/19/10 07:30 AM

Have Mortgage Interest Rates Hit The Bottom?On February 18, 2010 the Federal Reserve (Fed) announced a surprise increase in the discount rate form 0.50 percent to 0.75 percent. The discount rate is the rate charged to commercial banks and other depository institutions on loans they receive from the Fed. This differs from the Fed Funds Rate that banks charge each other for loans which also effects the Prime Rate.While this move does not directly affect the rates on home mortgages, credit cards, auto and other loans it is a sign that the "cheap money" policy is starting to come to an … (1 comments)

Time Is Running Out! - 02/13/10 10:51 AM

… (0 comments)

 
Alan Gross (PrimeLending, A PlainsCapital Company) Rainmaker_large

Alan Gross

Bethesda, MD

More about me…

PrimeLending, A PlainsCapital Company

Address: 704 Quince Orchard Rd., Suite 230, Gaithersburg, MD, 20878

Office Phone: (240) 813-0614

Email Me

Tibits on mortgage facts and mortgage information For Sale Webinar


Listings

Links

Archives

RSS 2.0 Feed for this blog