Fed Rate Cut Yesterday
Will the Fed rate cut affect your Sedona home loan?
Yesterday, this Sedona real estate blog mentioned that the economy is slowing, possibly heading into a recession. With the Fed rate cut yesterday, an attempt is being made to reverse that, reports Inman News:
growth is slowing, reflecting the intensification of the housing
correction and some softening in business and consumer spending," the
committee said in a statement explaining the decision.
However, some think that the Fed rate cut did not go far enough, worrying that inflation has become the key concern for the Federal Reserve, rather than the credit crisis.
For your Sedona home loan, this is unlikely to affect the terms dramatically. A new home loan in Sedona is going to be more affected by long-term Treasury rates. Adjustable rate mortgage loans, though, and home equity lines of credit, are more likely to see decreases.
For more Sedona home loan information, contact Claudia Ault.
Related Links
How a Fed rate cut may affect you
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Sedona Real Estate and Community News
Sedona real estate and news blog
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