Tag: mbs
Fed Funds Rate cut 0.25% to 2.00%.
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 is attached to Prime (and it’s not fixed), your rate will go down 0.25%. Prime will [...]
Posted: April 30th, 2008 under General Real Estate, News.
Tags: discount rate, fed, Fed-Funds, fomc, mbs, prime
Comments: 2
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