Read more at BankRate.com:
http://www.bankrate.com/brm/news/bank/Sept2007_interest_rate_roundupa1.asp?s=2#tab
The market surged after the Federal Reserve cut the interest rate by 1/2 a percent this week. The first cut in four years! Hopefully this will help relieve the housing slump and prevent the country from going into recession.
More good news... this is a GREAT time to buy! It is a buyers market and here's further inticement. The market is busy with buyers getting great houses and great prices!
Read more in this article from BusinessWeek.com:
http://www.businessweek.com/ap/financialnews/D8RO94980.htm
Karen
www.move2va.com
Friday, September 21, 2007
Fed Cut Interest Rate This Week, Mortgage Rates Fell To 6.23% This Week
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