Will Mortgage Rates Fall Again?
Posted by admin under: Main Oct 31(Source) The decision by the Federal Reserve to reduce the federal funds rate may well have importance for reverse mortgage borrowers.
The reason? While the Federal Reserve does not directly influence mortgage rates, as it lowers the discount and federal funds rate other loan rates are often impacted.
If you’re like me, you’re waiting for mortgage rates to fall again. This action by The Fed could actually affect that. Lower mortgage rates would mean more home sales. You might actually see a rise in the market again and a reversal of the buyer market trend. I say, lower mortgage rates for sure. Don’t you?
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Source: Will Mortgage Rates Fall Again?
Wednesday, October 31st, 2007 at 3:11 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.