The Experts In Real Estate And Mortgages

Why Aren’t Mortgage Rates Lower?

March 31st 2008 09:32 pm

With storm clouds hanging over the U.S. economy, Federal Reserve Chairman Ben Bernanke has gone on the offensive, slashing the federal funds target rate by 3 full percentage points—to 2.25 percent—since September.

But despite the central bank’s aggressive action, prospective homebuyers are left scratching their heads.

After all, the average interest rate on a 30-year, fixed-rate mortgage has fallen by only about half a percentage point, to 5.85 percent, since mid-September. So what gives?

read the article from the U.S. News and World Report here http://theexpertsinrealestate.com/why-mortgage-rates-arent-lower/

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Posted under Credit & Foreclosure & Mortgages |

One Response to “Why Aren’t Mortgage Rates Lower?”

1. [...] Investorazzi.com wrote an interesting post today onHere’s a quick excerptWhy Aren’t Mortgage Rates Lower? Posted by kj1010 under: Credit; Foreclosure; Mortgages. With storm clouds hanging over the U.S. economy, Federal Reserve Chairman Ben Bernanke has gone on the offensive, slashing the federal funds target rate by 3 full percentage points—to 2.25 percent—since September. But despite the central bank’s aggressive action, prospective homebuyers are left scratching their heads. [...]

   Credit Crunch » Why Aren’t Mortgage Rates Lower? on 01 Apr 2008 at 7:55 am #

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