Jan 22, 2008
As you have seen and heard the Fed cut rates today. This has had a large impact on the ARM rates and a muted but positive impact on long term fixed rates. I stated this on Friday and I will do so agai ...
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Jan 22, 2008
• The Federal Reserve Open Market Committee (FOMC) announced a 75 basis points cut in its Fed funds rate target this morning at 8:23 a.m. EST. The target Fed funds rate is now 3.50%. The Fed also cut ...
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