home loan: Low Refinance Mortgage Loan - Federal Reserve Cut Rates - 03/13/08 08:25 AM
Rate Cut - Is it Time for a Low Refinance Mortgage Loan
  Interest rates are the lowest they have been in 5 years and are expected to drop more over the next couple of weeks.
The Federal Reserve has dropped interest rates again, the fifth straight cut since September 2007. In its statement last week, the Federal Reserve said it had decided to cut the federal funds rate" in view of a weakening of the economic outlook and increasing downside risks to growth." In other words, economic data suggests the US is on the brink of recession, and the … (3 comments)


Janice Wright

Auburn, AL

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