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The Federal Reserve decision broken downTo some, the action recently taken by the Federal Reserve can be a little confusing. It's clear that they cut some interest rate, but what does that mean exactly? More importantly, what does it mean for you the consumer. Will your mortgage rate change? Will other rates such as on credit cards or CD's change?I've written before about how much I enjoy the e-mail updates that Bankrate.com sends to me, and today they've again broken down a potentially confusing subject into easy to understand terms. If you are shopping for a mortgage or thinking about refinancing, you'll want to pay close attention. Considering that we are in a buyer's market, now may be a good time for you to enter into negotiations on a home. You'll read about the decision to cut the rate, what it means, who wins and who loses, and smart strategies. Make sure to look at the table of contents in the upper right hand part of the screen for the complete story. Also be sure to bookmark the page; it's great information. Here's the link. |
Author
Nathan Blair - Salt Lake City, Utah Real Estate RE/MAX Results Salt Lake City, UT Office Phone: (801) 455-0843 More information... Contact Nathan Blair - Salt Lake City, Utah Real Estate |
