Thursday, November 01, 2007

Mortgage Rates Continue to DROP!

The buzz today is all about the latest Fed Cut to the rates:

Mortgage rates drop to five-month low

Mortgage rates hit lowest levels since May


Fed Cuts Rates a Quarter-point

So...while this no doubt is good news it will be interesting to see if the Strib manages to spins some GLOOM into this story. It probably won't be very hard - some of the stories are already blaming the poor housing market for the rate decline. Interesting dichotomy at work there!

In any event, those looking to BUY are finding it a bit eassier today than yesterday and that can do nothing but help break the ice!

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