10/31/2007 -- Fed Lowers The Fed Funds Rate by .25 basis points

By
Mortgage and Lending with FAMILY HOME LOANS

We were right on!  The Fed lowered the rate to 4.50%. 

So how did mortgage bonds / interest rates react?  Believe it or not, we might see a rate increase tomorrow.  Anytime the Fed lowers this rate, there is always a concern over inflation.  So we'll see what happens!

Have a GREAT Halloween!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Michigan

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
370,401
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Broker
Let's hope for some decrease in mortgage rates to help stimulate the economy
Oct 31, 2007 09:23 AM #1
Rainer
6,959
Santos Sanchez
FAMILY HOME LOANS - Clarkston, MI

Hi Michael.....'

Thanks for stopping in and commenting.  I agree.....let's hope we see some further decreases in the rates.....the housing market needs it.

Have a wonderful day!

Oct 31, 2007 02:32 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
6,959

Santos Sanchez

Ask me a question
*
*
*
*
Spam prevention

Additional Information