Lowest Lake Mary Mortgage Refinance and Purchase Rates in over 2 years!? If you move quick…

Well Good News for Lake Mary mortgage rates! The Federal Open Market Committee [maybe we will just call them the FED] voted to cut the Fed Funds Rate by at least three-quarters percent Tuesday.
The benchmark rate now rests in a range of 0.000-0.250%… and no, that doesn’t mean your mortgage will be at 0%. [Typically you will add 3% to that number to attain the PRIME Rate – which is what many Home Equity Lines, car loans, credit cards, and equipment loan are based upon.] In its press release, the FED ID’d 3 key sectors…

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Source Parsing the Fed Statement

Chris Brown All Around Good Guy Trinity Mortgage 153 Parliament Loop#1001Lake Mary, Florida, 32746	Work: 407 377 0500 x 210 Chris@OrlMtgPro.com www.MortgageChiliBlog.com
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FED Cut and Lower Orlando Interest Rates

Do they go to a special school to ‘speak FED’???  Good Lord, fellas… we gotta be able to understand this stuff to be able to respond appropriately… or is that not what you want? LMAO

Well, the Federal Open Market Committee voted to cut the Fed Funds Rate by .5% today. The benchmark rate now stands at 1.0%.  THIS DOES NOT LOWER MORTGAGE RATES

In its press release, the Fed got busy addressing the main issue at-hand, stating that economic activity has “slowed markedly”.  Ha… ‘markedly’… have you ever used that word in your life?  Well, my readers are notably smarter than I am, so you probably have!  Anyway, they pointed to three main causes:

1. Consumer spending…

Read the whole Blog post at THE Orlando Real Estate and Mortgage Chili Blog:

FED Cut and Lower Orlando Interest Rates