Mortgage Lenders Report Boom After Fed Rate Cut (CBS 2 Los Angeles)

Posted on December 2, 2008
Filed Under Fixed Rate Mortgage |

Wall Street rallied again Wednesday thanks, in part, to a new plan to boost mortgage lending. On Tuesday, a new Federal Reserve program drove down the rate on a 30-year fixed mortgage, from an average of 6.8 percent to 5.5 percent. Unfortunately, a good number of homeowners and homebuyers tempted by the new low rates are going to find that they don’t qualify.

Source:Mortgage Lenders Report Boom After Fed Rate Cut (CBS 2 Los Angeles)

I Love Social Bookmarking
SubscribeBlinklistBloglinesBlogmarksDiggdel.icio.usFacebookFurlMa.gnoliaNewsVineRedditStumbleUponTechnorati

Comments

Leave a Reply