Archive for August 13th, 2008

When the Fed cuts interest rates, how long does it take to reflect in mortgage offers?

Wednesday, August 13th, 2008
joe71284 asked:


I’m looking for mortgage rates online and want to build modular next year, now just looking for the best deal and wondering when today’s Fed actions will be reflected in the offers I find.

Arlene
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How long will mortgage rates be low?

Wednesday, August 13th, 2008
shanell asked:


I wanted to save a little bit of money for a few months and buy a house before the end of August. Will the morgage rates still be as low as they are now in August 2008? Also what detemines if mortgage rates rise or fall?

Sarah
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