Fed Cuts Rates Again!!!
click link below
http://biz.yahoo.com/ap/080130/fed_interest_rates.html
Wednesday, January 30, 2008
Wednesday, January 23, 2008
Never Been A Better Time to Buy A Home!
Fed Surprises with Deepest Cut since 1984The Federal Reserve surprised everyone Tuesday with an emergency intersession rate cut of .75%, the deepest cut in the Fed Funds Rate since 1984. The Fed Governors are acting in direct response to recent reports that the country is on the brink of recession.
If you have credit cards, auto loans, HELOCs, or an Adjustable Rate Mortgage, the Fed's decision to cut this key interest rate is great news. For long-term mortgage rates however, this could signal the beginning of the end for the lowest 30-year home loan rate borrowers have experienced since 2005.
Let's look at the impact of a few recent Fed Funds Rate cuts and the corresponding impact to home loan rates to see what this could mean for you:Period Fed Funds Rate Cut Impact to Home Loan Rates January to June 2001 Down 2.25% Rose 0.10% October to December 2001 Down 0.75% Rose 0.45% May to August 2003 Down 0.25% Rose 0.78%Rates are predicted to be cut again when the Federal Reserve meets at the end of this month.
Many believe Tuesday's action was taken because of a dramatic downturn in the stock market, where the Dow dropped 464 points, the worst single day drop since September 11, 2001. Since the Fed's announcement, the Dow has recovered much of those losses but volatility is likely to remain a consistent theme throughout the week. If you are waiting for long-term mortgage rates to fall further from here, don't count on it.
Your best chance to lock in the lowest mortgage rates since 2005 is now.
For additional articals visit
http://finance.yahoo.com/loans/article/104266/Fed-Rate-Cut-Winners-and-Losers
If you have credit cards, auto loans, HELOCs, or an Adjustable Rate Mortgage, the Fed's decision to cut this key interest rate is great news. For long-term mortgage rates however, this could signal the beginning of the end for the lowest 30-year home loan rate borrowers have experienced since 2005.
Let's look at the impact of a few recent Fed Funds Rate cuts and the corresponding impact to home loan rates to see what this could mean for you:Period Fed Funds Rate Cut Impact to Home Loan Rates January to June 2001 Down 2.25% Rose 0.10% October to December 2001 Down 0.75% Rose 0.45% May to August 2003 Down 0.25% Rose 0.78%Rates are predicted to be cut again when the Federal Reserve meets at the end of this month.
Many believe Tuesday's action was taken because of a dramatic downturn in the stock market, where the Dow dropped 464 points, the worst single day drop since September 11, 2001. Since the Fed's announcement, the Dow has recovered much of those losses but volatility is likely to remain a consistent theme throughout the week. If you are waiting for long-term mortgage rates to fall further from here, don't count on it.
Your best chance to lock in the lowest mortgage rates since 2005 is now.
For additional articals visit
http://finance.yahoo.com/loans/article/104266/Fed-Rate-Cut-Winners-and-Losers
Friday, January 18, 2008
Snibet about Grapevine
Grapevine is in the center of the Dallas / Fort Worth region and serves as the hub of any vacation to the area. Nestled between Dallas and Fort Worth, and home of the DFW International Airport, Grapevine's sophisticated charm provides visitors with a chance to get away and experience great shopping, dining, ten winery tasting rooms and much more.
To know more about Grapevine, Texas visit: www.grapevinehomefinder.com
To know more about Grapevine, Texas visit: www.grapevinehomefinder.com
Subscribe to:
Posts (Atom)
