How much will interest rates drop if the fed cuts the prime rate .25%? - prime rate forecast
I signed a contract for a house, the lender wants me on the rate of 6.36% at present to block, I have to wait until the Fed meets this week. If the Fed cuts its key interest rate .25%, how much and how fast it affect my mortgage rate?
Wednesday, January 6, 2010
Prime Rate Forecast How Much Will Interest Rates Drop If The Fed Cuts The Prime Rate .25%?
2 comments:
The Fed, a private company that controls the rate banks pay for loans from the reserve. (Wholesale price)
The bank rate is a rate below their best customers.
Will mortgage rates are not fixed or controlled by one of them will depend on market conditions.
By adjusting the height of the Fed does not mortgage interest rates will do nothing. They could go up, down or stay the same.
The Fed, a private company that controls the rate banks pay for loans from the reserve. (Wholesale price)
The bank rate is a rate below their best customers.
Will mortgage rates are not fixed or controlled by one of them will depend on market conditions.
By adjusting the height of the Fed does not mortgage interest rates will do nothing. They could go up, down or stay the same.
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