Mortgage Rates hit 4.5%
The FED cut their prime lending rate just 1%, and there was some impact in the mortgage market … for a few moments. I had conversations with real estate agents in a few different markets who all got the news and did not even have enough time to notify their clients.
Dan Green over at The Mortgage Reports has a reasonable good explanation about how the FED move impacted rates today. From a real estate agents point of view this is a mixed blessing. Yes it makes purchasing a home more affordable to those who are currently looking, however lenders are still being overly cautious about to whom they lend.
Comments
cinplify.com
Dec 17th, 2008Mortgage Rates hit 4.5%…
Today the mortgage rates hit 4.5% … for 15 minutes. Is it really good for the local market? Will it have any impact at all?…
Life In Queen City » Mortgage Rates hit 4.5%
Dec 18th, 2008[...] lenders are still being overly cautious about to whom they lend. I am suggestion that all my Cincinnati clients evaluate their position and speak with a mortgage professional about their rates and [...]
golf communities (1 comments.)
Dec 22nd, 2008With these reducing mortgage rates things have become very easy for people to buy home now, if still you let this opportunity go then it’s your bad luck! wake up guys!
Thelma (1 comments.)
Dec 24th, 2008Very good post, thanks!
Mortgages
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