florida mortgage rates: Florida mortgage rates to drop - Fed Minutes reveal funny insights
- 01/06/09 09:28 AM
The Fed minutes of the lates Fed meeting was released today. Among the obvious statements including the fact that 4th quarter of 2008 was worse than expected and 2009 will be worse than expected, a funny comment was made. One of them pointed out that things took a turn for the worse when Paulson announced he was not going to use the TARP (troubled asset releif) funds to purchase bad assets from banks. I find that ironic since Bernake and Paulson both spent so much time and effort convincing our political leaders to give them the $700B with the premise that … (0 comments)
It's finally here! We have been waiting ever so patiently for the interest rates to fall but prior to today they had been stubbornly high. Everyone in the mortgage industry realized that rates should be lower than they have been but due to the amazingly historic events of the past year every time they began to fall some record breakign headline with cause the rates to rise again. What has finally caused rates to decrease is a responce to the Feds FINALLY using their TARP (troubled asset relief funds) money A.K.A. $750 Bailout funds. They … (1 comments)
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The Fed minutes of the lates Fed meeting was released today.
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