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Thursday Mar 20, 2008

Fed Cuts Rates – How Will it Affect Home Mortgages?

The Federal Reserve cut interest rates again this week (by 0.75% this time) – so what does that mean for your home loan rates? Well, it may actually cause fixed rate mortgages to go up, but if you have an adjustable rate mortgage (ARM) you might see lowered loan rates as a result of the series of Fed cuts that began in September of 2007.

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Posted at 01:23PM Mar 20, 2008 by Yuval Degani in General  |  Comments[0]

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