Archive for December 14th, 2007
Does the Fed rate cut affect your mortgage rate?
Does having bad credit mean that you can’t get a loan? Of course not! Does it mean that you might have to put a little more effort into obtaining a loan? Maybe. Either way - you need to start somewhere and this may help your decision…
The Federal Reserve lowered the Fed […]Federal Reserve slashes Fed Funds Rate to 4.25%
The Federal Reserve Open Market Committee (”Fed”) today dropped its Fed Funds Rate, the overnight rate at which banks lend to each other, by a quarter percent. This cut, the third in as many meetings, will impact short-term interest rates such as those on adjustable-rate mortgages, credit cards and home equity lines of credit.