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Registered
Join Date: Jul 2001
Location: Cave Creek, AZ USA
Posts: 44,727
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The Fed's lowering rates is not the same as mortgage interest rates going down. Mort. rates are tied to bond yields, sometimes LIBOR. The Fed kept rates the same today, yet mort. rates are climbing.
Anyway, look at the bright side. If you're in the mortgage biz and can hold out another year or two, once rates get good again, there will be an easy refi boom on which to cash in.
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