rate cut expected
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PostPosted: Sun, Aug 5 2007, 7:42 am EDT    Post subject: rate cut expected Reply with quote
UBS expects the Fed funds rate to be at 4.75% by end of 2007

http://www.marketwatch.com/news/story/mortgage-crisis-may-prompt-fed/story.aspx?guid=%7B34328864%2DDF32%2D4FA9%2DB68E%2D70DB7074F33A%7D
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PostPosted: Sun, Aug 5 2007, 11:56 am EDT    Post subject: Re: rate cut expected Reply with quote
As I understand it, people whose credit score is higher than 700 are still enjoying favorable mortgage rates. Jumbo mortgage loans are tougher to get without a very good credit score.
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