WARNING.... WARNING...... WARNING.....
This is not to say that mortgage interest rates have dropped today. Sometimes in the past, mortgage interest rates did become lower in weeks after the Fed dropped the fed rate. There have been times when rates went up. There are many variables for these two factors to take place. Sometimes rates were lowered previously to the Fed lowering the discount rates because Wall Street had a good idea that the Feds would lower the Fed Rate.
But then there is the discount rate which is for short term lending. The interest rates for mortgages are when it comes to financing your property which are considered long term rates.
Overall, there is mass confusion to why mortgage interest rates rise or fall. And just this news alone will have the phone ringing asking their loan officer if they can get the lower rate. But wait, rates actually have increased today, even after this news. Please click here to read further to understand why rates move..... (this opens up into a new window)
- FHA Loans - FHA Mortgages - Conventional Loans - VA Loans -
Experience & Knowledge at its BEST !!!
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For more information on FHA loans, please go to this link. The FHA Expert
For more information on how you can obtain your dream home, please click here : Mortgage Financing Options
For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags !!!!!
Copyright © 2008 by Jeff Belonger
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