Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Fed Cuts 30 yr Mtg?
Diana Olick from CNBC wrote an interesting article about this. Here's the highlights: The 30 Year Fixed mortgage rate is NOT tied to short-term treasuries. Today's cut will affect short term ARMS, but not by much. This rate cut will not stop the foreclosures that are about to happen. Diana made a couple statements in addition to these facts, one I agree with and one that is just false...
Click the read more buttong to find out more about the impact of the fed rate cut on mortgages >>
This news update brought to you by
The Ed Nailor Mortgage Team
Charlotte Home Loans
704-651-8704 phone or visit www.EdNailor.com
Are you on The Rain? Grow Your Network!