08-14-2007, 10:35 AM
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7  |
Federal Rate VS Mortgage rates
I found this rather interesting.
There's always been a lot of fuss surrounding the latest news about the Fed holding or upping their interest rates. Everyone gets all excited to borrow when it goes down. Then, i ran into this chart, which graphs out Fed vs 30 yr and so forth mortgages.  There is BARELY a correlation at ALL to the federal rate vs the mortgage rates. Read the full article: The Mortgage Reports Blog: What It Won't Mean To Your Mortgage Rate If The Fed Lowers The Fed Funds Rate |
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