February 1, 2008
Unless you reside under a rock, you have heard that the Federal Reserve cut the Fed Funds target rate from 4.25% to 3.00% in the last two weeks of January. From the economic numbers that I have seen recently, it appears that the cuts were necessary in order to stimulate a rapidly flagging US economy.
But, [...]
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January 21, 2008
Unless you have been following the mortgage markets closely, you may have missed the dramatic fall in rates over the last few months.
According to Bankrate.com, the National Average rate for a 15 year fixed mortgage was 4.93% over night, and 5.42% for a 30 year fixed mortgage.
As illustrated by these charts, these rates are [...]
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