|
|
| |
credit card rates: Why do Mortgage Rates go up when Fed cuts the Rate?
- 06/06/08 07:07 AM
When Fed cuts the rates my office is swamped with borrowers who are calling to see if they can get a better rate. Many of them are surprised that Mortgage Rates went up instead of down. Luckily, I always lock rates as soon as I can. To me as a mortgage professional, predicting the direction of the rates is not a game. Most mortgage professionals are not bond analysts. More importantly, I've been in the business long enough to see rates go up 6 times in 1 day by a total of 1.5%.
Let me shed some light … (2 comments)
|
|
|
|
|
|
|
|
;)
;)
