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What Fed cuts really mean for mortgages

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Commentary: Average rates on mortgages unchanged in recent surveysLou BarnesInman NewsContrary to the conviction of deeply confused civilians and reports by lazy news media, mortgage rates are unchanged, about 5.75 percent for the ...


Source Blog Post
http://bostonreb.com/2008/02/01/what-fed-cuts-really-mean-for-mortgages/

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Industry Body Says Mortgage Loan Values Dropping Its research found that the lowest rates on offer in October were around 5.99% €“ now they are up to 6.14%, despite the Bank of England cutting the base rate twice in the last six months. Also, typical mortgage fees have risen from £4954 ...

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