Fed keep short-term key rates the same

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Mortgage and Lending with Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages NMLS#237468

Federal Chairman Ben Bernanke and Central Bank end a nine-month rate slashing and keep the current federal short-term key rate at 2%. With on going concerns of inflation the Fed's majority voted to keep the key rate the same with only Dallas Federal Reserve Bank president Richard Fisher voted for a rate hike at the meeting. Rising cost of oil and other goods still place a strain on our current economy, but oil dropped almost $3 this afternoon after an unexpected announcement of oil surplus. You can read more here. Reading this lead me to remember an article on CNNMoney in the Fortune section suggesting that oil prices will crash much like the housing market, read that article here.

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Joshua LeretteAn experienced mortgage industry professional, Joshua Lerette has helped home owners and potential home buyers across the country purchase andrefinance their homes for over 11 years. Based in Tampa, FL, Joshua Lerette is an well known expert in the industry and extremely well versed in mortgage products available to potential clients including FHA Loans, VA Loans, USDA Loans, Fannie Mae and Freddie Mac home mortgage loans as well as Jumbo Loans to help potential home buyers and home owners either purchase or refinance.

 
 
 
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Rainer
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Dawn Lewis
Realtor - San Diego
New Dawn Realty

Josh,

Good info!

Mike

 

June 25, 2008 02:16 PM
Rainmaker
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Mindy & Jay Robbins
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Robbins Real Estate

Thanks for being the first to post this news on AR today.

June 25, 2008 02:21 PM
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