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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
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