10/31/2007 -- Fed Lowers The Fed Funds Rate by .25 basis points

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Mortgage and Lending with FAMILY HOME LOANS

We were right on!  The Fed lowered the rate to 4.50%. 

So how did mortgage bonds / interest rates react?  Believe it or not, we might see a rate increase tomorrow.  Anytime the Fed lowers this rate, there is always a concern over inflation.  So we'll see what happens!

Have a GREAT Halloween!

 

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Rainmaker
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Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Broker
Let's hope for some decrease in mortgage rates to help stimulate the economy
Oct 31, 2007 04:23 PM #1
Rainer
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Santos Sanchez
FAMILY HOME LOANS - Clarkston, MI

Hi Michael.....'

Thanks for stopping in and commenting.  I agree.....let's hope we see some further decreases in the rates.....the housing market needs it.

Have a wonderful day!

Oct 31, 2007 09:32 PM #2
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Rainer
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Santos Sanchez

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