Feds emergency rate cuts affect mortgages-heres how you can benefit now

The federal reserve does not set mortgage rates but the decisions they make affect banks and other lending institutions. The lower federal rate in place today would positively affect virtually every home owner.

If you have a fixed-rate mortgage, now would be a perfect time to consider the options available for refinancing. Historic lows held in place by a wavering acconomy and world wide pandamic insures that opportunities abound for those in a position to take advantage of it.

If your trying to buy a home, you may alsoe be able to save money on other types of financing including personal loans, car loans and credit cards.

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