Breaking News: The Fed Cuts Rates 25 Basis Points

The Fed Cuts Funds Rate by 25 PointsThe Fed has just announced a rate cut the Fed Funds rate by 25 basis points.

This has been widely anticipated by the markets. Remember, the Fed’s rate cut does NOT directly impact mortgage rates (except for home equity lines of credit and other loans that may be attached to the prime interest rate). [Read more…]