Mortgage Interest rates came down today after the Fed Fund rate being slashed by .75 points. Hmmmm I wonder where people got the crazy idea that the fed fund rate and mortgage interest rates were connected? Everything is connected, right? In an case - the rates came down today and I suspect they will come down some more. I will go out on a limb and predict that they will go to 5% before the end of February. Here is what they are today:
Conventional Fixed
30 Year - 5.375%
20 Year - 5.375%
15 Year - 4.875%
FHA/VA
FHA 30 Year - 5.375%
VA 30 Year - 5.375%
Tuesday, January 22, 2008
Wahoo - Another Rate Drop!
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