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Entries from January 30th, 2008

Mortgage rates are lowest since 2004 as Fed cuts rates by 1.25% in eight days

January 30th, 2008 · No Comments · Las Vegas condos, Las Vegas homes, Las Vegas Real Estate

According to Freddie Mac’s survey last week, the average rate for a 30-year fixed mortgage was 5.48%. This is one of the lowest rates since 2004. Furthermore the Fed has cut rates by 1.25 percentage points in eight days, and has lowered the target for the federal funds rate to 3%. It is possible that [...]

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