Wednesday, April 30, 2008

Feds Cut Rates By Another Quarter Point

The Federal Reserve cut rates by another quarter point to 2%! What does this mean to Buyers and Sellers trying to refinance? Currently not a whole lot. Rate cuts tend to take a period of months to trickle down into the loan market. Though it may help short term rates, most of us are looking at a secure 30 fixed for the long run.

I have not seen the low rates of 2001 and the close ties to rate cuts that were obvious during that time period. I have been seeing loans take longer periods of time to qualify and get funding. For jumbo loans the rates are in the mid 6's which are really nothing too excited for the average home buyer or owner. Banks are a-lot more cautious with who they loan money to and are dealing with many loans that have fell through as well.

Those of you who are getting regular conforming loans under $417,000, these loans seem to be plentiful. I am still trying to secure one of these stimulus package or Conforming Jumbo loans. When I successfully refinance myself, I will pass my experience onward.

For loan inquiries please contact Mya Tran mya_tran@yahoo.com for a detailed analysis of your loan needs and tell her Alan sent you!

http://www.businessweek.com/bwdaily/dnflash/content/apr2008/db20080430_504053.htm?campaign_id=rss_daily

7 comments:

kavithasathish said...

Good post keep it up. Keep updating.
German Classes in Chennai
German Language Course in Chennai
IELTS Coaching in Chennai
Japanese Classes in Chennai
spanish language in chennai
Spoken English Classes in Chennai
German Classes in Chennai
German Language Course in Chennai

sasi said...

Great experience for me by reading this blog. Thank you for the wonderful article.
Angularjs course in Chennai
Angularjs Training in Bangalore
angular training in bangalore
Angular Training in hyderabad
angular course in bangalore
angularjs training in marathahalli
Web Designing Course in bangalore
python training in Bangalore
angularjs training institute in bangalore
best angularjs training in bangalore

latchu kannan said...

I had a great experience by reading your blog . It is just wonderful.
AngularJS training in chennai | AngularJS training in anna nagar | AngularJS training in omr | AngularJS training in porur | AngularJS training in tambaram | AngularJS training in velachery



Data Science Training in Bangalore said...

Hi buddies, it is great written piece entirely defined, continue the good work constantly.

Data Science Course

Data Science Training said...

It is extremely nice to see the greatest details presented in an easy and understanding manner.

Data Science Training

Pathway for German Language said...
This comment has been removed by the author.
jegan said...

wonderful article contains lot of valuable information. Very interesting to read this article.I would like to thank you for the efforts you had made for writing this awesome article.
This article resolved my all queries.good luck an best wishes to the team members.continue posting.learn digital marketing use these following link
Digital Marketing Course in Chennai