San Carlos Real Estate Agent, San Carlos Realtor Feds Drop the Rate, and Mortgages….Rise??? | The White Oaks Blog
San Carlos Real Estate December 14, 2007

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

by Chuck Gillooley

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


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