Well the FED cut the rate down again...

Mortgage and Lending with AMERICAN AFFORDABLE HOMES

With today's news of the Fed cutting the rate to record lows I hope that this can help the refi boom but one problem that still exists is that allot of people can't refinance not because of their interest rate but because they have negative equity in their property. But at least the ones that do will be ringing your phones because mine has been ringing regularly today :)

Comments (1)

Marty Remo
RE/MAX Benchmark- Marty Remo-CDPE, E-Pro - Monroe, NY
HV Home Team

The problem remains that lending is tight. Government needs to encourage banks to lend again.

Dec 16, 2008 07:52 AM