Feds Drop the Rate, and Mortgages….Rise???

The mortgage market certainly didn’t react as many would have hoped with this week’s cut in the Fed rate. Rates actually inched upwards after the cut. This is not unusual, and it happened earlier this year after a previous rate cut. There are reasons why this happened: click here for a good article that explains it:

Mortgage Rates Rise Despite Fed Cut

Psst!! Do you like what you’re reading? Then get more from the White Oaks Blog! Click here to subscribe for free to the site, and get updates automatically sent to you. Or, you can also follow the White Oaks Blog on Facebook or on Twitter.

Related posts:

1. 3 Reasons Why You Should Follow the White Oaks Blog on Facebook…
2. Spike in COFI Index May Spell Trouble for Some San Carlos Homeowners.
3. A.R.M. Wrestling: Is Your ARM Due to Reset in 2008?
4. Fed’s Slash the Rates…Again.
5. The White Oaks Blog now optimized for mobile browsing…