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Raleigh Residential Real Estate – Some more good financial news for Raleigh, NC home owners.

February 04, 2008 ( No Comments )

Raleigh Residential Real Estate – Some more good financial news for Raleigh, NC home owners

The main financial event of last week was the lowering of the Federal Funds Rate another .50%, on top of Federal Reserve’s surprise .75% cut just eight days before. This brings the Fed Funds Rate down to 3.00% and will lower rates for business and consumer loans as well as Home Equity Lines of Credit and Adjustable Rate Home Loans.

This is good news for Raleigh area home owners with those Home Equity Lines of credit. It is still uncertain how this will affect long term mortgage rates, but most of the lenders that we work with are recommending moving forward with a refinance or locking in a loan now.

Please give the PolingTeam a call or click Contact US to discuss how this may help you.

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