According to CNN Money, 30-year fixed mortgage rates actually go up after the Fed rate cut: the reason being that long-term mortgage rates tend to anticipate the future--the risk of inflation in particular.
On a side note, mortgage application fees may go up due to a new push for independent appraisers.
Showing posts with label Fed rate cut. Show all posts
Showing posts with label Fed rate cut. Show all posts
Wednesday, March 19, 2008
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