Best Mortgage Rates in Four Years »
By swan480 on Oct 8, 2007 in Finance, Mortgage Leads, Real Estate | 0 Comments
On September 18, 2007, the Federal Reserve cut loan interest rates for the first time in four years. Two different rates were cut by half a percent each:
The benchmark lending rate dropped from 5.25 percent to 4.75 percent.
The rate for emergency loans for banks dropped from 5.75 percent to 5.25 percent.
These rate cuts have resulted [...]
