“Mortgage Rates Come Down Like An Escalator And Rise Like An Elevator”

By: Markus Azadeh • January 18th, 2008 • Filed Under • Print This Print This

Huh? What did he just say? Actually, Brian Brady said it. But he’s got a good point. All the negative news about the economy has put mortgage rates into a free-fall. So, if you’ve got a mortgage that needs to be refinanced, the mortgage experts suggest that you should consider doing it now (Brian explains in detail, why), before the Fed meets again at the end of this month. They’re expected to cut the Fed funds rate again which typically means that mortgage rates will INCREASE (crazy, huh?).

Image Credit: Ange Soleil ( a.k.a Tweng ) at flickr licensed via Creative Commons 2.0

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