Posts Tagged "0.5%"

I heard that Federal lowered mortgage interest rate by 0.5% who are qualified for this benefit?

on Dec 25, 2012 in Unique Loan Programs | 1 comment

A couple of good condominium pictures I found: Condominium I Image by markyeg Hunting northeast upward at a condominium. If you would like to see a lot more properties click right here… by eyewashdesign: A. Golden Question by goofyjr2004: I heard that Federal lowered mortgage interest rate by 0.5% who are qualified for this benefit? I heard a news about Federal goverment lowered mortgage rate by 0.5%, medical is it true? Who is qualified for this benefit? We get our loan from a mortgage company. Best answer: Answer by glennIt is not true. Mortgage interest rates are determined on the open market and not fixed by any agency. The Fed lowered the funds rate by .5%. That is an interest charged by one bank to another and has some effect on other rates because the cost of funds to the banks are cheaper. But the effect on long term loans like housing loans would be very limited. It may help the economy maintain some strength and help job growth. But the federal government does not control mortgage rates at all. The Federal Reserve does not control mortgage interest rates at all. What do you think? Answer below! I heard that Federal lowered mortgage interest rate by 0.5% who are qualified for this...

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