mortages: A-CHOO...."God Bless you"
- 09/20/07 03:07 AM
The Federal reserve slashed a key interest rate by 1/2 point today. What does this mean to us here on the streets? If you are a borrower who can obtain credit, you should see rates drop on various kinds of loans. It will be less expensive for people to finance credit card debt, home equity lines of credit and other consumer based loans. Borrowing this kind of money usually pays for things like education, home improvements and medical expenses. For those of you who have ARM loans (adjustable rates mortgages) that are scheduled to re-set in the fall , you will … (2 comments)
The Federal reserve slashed a key interest rate by 1/2 point today. What does this mean to us here on the streets? ;)
;)
