Ever Want To Know How Mortgage Rates Are Set?
The federal reserve keeps cutting the fed funds rate and yet long-term mortgage interest rates - like the 30-year fixed - are not declining at the same pace. Here is a recent NY Times article that explains how the different indices work and which loan types they affect. Contact me with any questions.
http://www.nytimes.com/2008/11/16/realestate/16mort.html?ref=realestate
Here are articles from the rest of the week’s real estate news. Enjoy.
http://www.car.org/media/pdf/Beyondtheheadlines_112708.pdf
Kevin P. Cummins
Realtor / Broker / Attorney
Coldwell Banker – Carmel Valley
Cell: 858-750-9577
Search the MLS on my new website at kevincumminshomes.com.
