Yesterday there is a big cut by Fed again, 75 base points. I guess finally the Fed is going to do something to save the whole crisis, so there are people talking about more cuts will come soon such as by the end of this month. Although this is a good news for us, such as our mortgage broker told us that today’s rate is 4.75%, but when we told her to lock it, she said that rate was gone and the rate went up after that. My concern is that my company could not find any jobs for me, so maybe we will not be qualified this time since the financial control is so tight. The rate cut is also good news for people who would like to do debt consolidation.
Posted on January 23rd, 2008 | filed under Uncategorized | Trackback |
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