Posts Tagged prime

Fed Funds Rate cut 0.25% to 2.00%.

Rhonda Porter on 04 30, 2008 | 2 Comments

The FOMC cut the Funds Rate another 0.25% to 2.00% based on an 8-2 vote.  Remember, this does not mean that the 30 year fixed rate is now 0.25% lower.   This does mean that if you have a HELOC that

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I am a Mortgage Dispenser

Rhonda Porter on 09 26, 2007 | 37 Comments

Over the past month, I’ve been combing through my database of my closed clients who have either adjustable rate or balloon mortgages.   I’m sending each and every [photopress:july55ad.jpg,full,a

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Ba-Ba-Ba-Benny and the Fed

Rhonda Porter on 09 18, 2007 | 87 Comments

Aw come on and sing along with me (Benny and the Jets).   Ben just surprised many by dropping both the Fed Funds and the Discount Rate by 0.50%.    It's too soon to tell how this may impact mort

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The Federal Reserve and Mortgage Rates

DRMiller on 09 14, 2005 | No Comments

Consumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. Often the media is the culprit causing the confusion. In the last few years,

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