federal reserve rate: Fed Cuts 30 yr Mtg? - 01/22/08 01:26 PM
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 >>
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CarolinaMortgageConnection.comDedicated to educating, inspiring and assisting in the American Dream. Information to assist you through the hundreds of mortgage loans available today. Visit my other blogs at CarolinaMortgageConnection.com Charlotte Homes and Mortgages The articles, reviews and stories written and published on this website are simply the opinions of Ed Nailor. While Ed Nailor has professional experience as a mortgage loan officer, the information posted on this website should not be taken as personal counsel or an endorsement of anything. For mortgage related counsel or advice to be meaningful and effective, one must sit down one on one with a professional to discuss the particulars of their situation. Ed Nailor can not be held liable for any decisions you make as a result of what you might read or infer on this website. Proud supporter of the Right to Free Speech.



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