Friday, February 19, 2010

What Does This Mean To You??????

The Feds raised rates yesterday on the rate that it charges banks to borrow money over night.  A rate and a service that really does not get used and really has no affect on the other rates that you and I focus on.  Mortgage Rates, Prime Rate, Car Loan Rates and the list goes on.  For in depth article from Fortune, click this link to read more.

FORTUNE ARTICLE

Bill Nickerson

Vice President   Mortgage Network, INC

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