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Asked by Sherry S., Union County, NC Thu Jan 31, 2008

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3
Durenda Fach…, , Coastal Tampa Bay area. Pinellas and Pasco Counties.
Thu Jan 31, 2008
Sherry
The long term mortgage interest rates are tied more closely to the bond market. There is an inverse correlation
1 vote
Debt Free Da…, , 85260
Mon Feb 11, 2008
The last cut didn't do anything rates actually went up. It has more to do with how the stock market is doing....
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0 votes
Jonathan Osm…, Agent, Charlotte, NC
Thu Jan 31, 2008
The rate that the fed is lowering is the short term rate the fed lends to banks and other financial institutions. This usually drives up rates in just after an announcement and then they settle down. The swings aren't huge though. A March listing should yield buyers as rates should remain low (2004 levels currently) but buyers will have a fair number of inventory to choose from so its key that you price it right and hire someone who will market your home to get it in front of all the inventory.
0 votes
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