Thursday, September 22, 2005

Greenspan Raises Rates Again!

As expected, the Fed raised short-term rates again by a quarter point. But, check this out...even though the Fed has increased short-term interest rates by a total of 2.75 percentage points since June 2004, the average 30-year fixed-rate mortgage has fallen by nearly one-half percentage point in that time.

So, check with your mortgage broker, there might still be a deal out there with your name on it!


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