Rate cut should help borrowers, ease credit tightness
Story date: 2008-01-22 02:27:00
Added on: 2008-01-22 15:00:27
USA Today - The Fed's rate cut will also give the biggest boost to borrowers with variable-rate mortgages, says Keith Gumbinger, vice president of HSH Associates, which tracks mortgage rates. Home equity loans, which are typically half a percentage point above ...
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