Solutions for your Future...    

APPLY NOW!       1-877-663-7555

  Home    Loan Center    Products    About Us    Resources    Apply Now!  

Federal Rate Cuts

This is by far the best article I have read that explains why 30 year
mortgage rates DO NOT improve when the Feds reduce the discount rate. If
anything, long term mortgage rates go higher.

Worth noting, this article by Barry Habib, failed to mention that a
reduction in the overnight rate, the discount rate, typically benefits short
ARMs like the three month, six month and one year ARMs.

Federal Rate Cuts