fed: Another quater percent rate cut built-in to our rates! - 12/14/07 02:15 PM
Apparently the FED wasn't listening to our prayers. They only reduced the rate by a quarter-percent. These are more symbolic than anything else. From all the mortgage brokers that I have spoken with, rates have remained unchanged as a result of this cut. Had the FED reduced it rate a full half-percent, I think we would see a change in rates. In any event, rates are still at a historic low. … (2 comments)

fed: Will the fed cut rates tomorrow? - 12/10/07 04:34 PM
If so, will it be a half-point? Will we, here in Marin, see any changes in rates, or are they already "worked-in" as they have said in the past? By this I mean will the new purchase money buyer see any drop in rates? My gut tell me that we will not see a drop in mortgage money. Rates are historically low and I do not see them dropping based on the perceived half-point rate decrease tomorrow.
 What do you think?
(0 comments)

 

Steve Ragghianti

San Rafael, CA

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Frank Howard Allen

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