Emergency Fed Rate Cut

January 22, 2008. The Federal Reserve lowers fed funds rate -.75%. Will the Federal Reserve save the economy? This move should help lower mortgage ARM rates, and help reduce help consumer rates. Hopefully the prime rate and treasuries are soon to follow to help reduce home equity lines and fixed rate home loans. Many lenders have lower fixed rates in reaction to the Fed’s recent rate drop. However many home owner’s may not qualify for the home loan to relieve them of their financial woes. Stay tuned for updates.

Contact Brian to discuss your home loan.

Brian M. Schoedel

239.298.1335

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