They didn’t really but I get this question all the time. No, not as a direct result, and here are 4 other things that don’t control mortgage rates.
The Fed Cut Interest Rates Yesterday, Will Mortgage Rates Go Down?
March 8th, 2008 by Jeff · 3 Comments
Tags: All Posts · Finance · Mortgage
3 responses so far ↓
1 Milford MA Homes // Mar 11, 2008 at 4:41 pm
It continues to amaze me how many people actually believe that the government cutting the federal funds rate actually makes the long term interest rates go down. Most of the time the exact opposite occurs.
2 Jeff Kerr // Mar 12, 2008 at 7:50 pm
Hear you. Very counter intuitive though unless you have exposure to long term rates. That and many in the media also misrepresent the impact of this fed move.
Oh, almost forgot. Thanks for the visit all the way from MA. Originally from the area. Parents still live in New Seabury. Wicked cool isn’t it.
3 Ormond Beach Realty // Mar 23, 2008 at 11:38 am
Many realtors and lenders are offering sessions to explain to people what all this means that is going on todays market and lending and if it is a good time to buy and for who.
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