The Fed cut rates again last week by half a point, lowering the Federal Funds rate to 1%. Central banks in China and Europe are expected to follow suit this week in an attempt to curb further erosion of the global markets. While it’s still to be determined how effective the cut will be in boosting consumer spending and helping the stock market, the rate cut will trickle down this week to the primary and secondary markets. For each of us individually, the next few weeks will pose a great opportunity to refinance your house at a lower interest rate. If you’re thinking of buying a property this is an excellent time to get in touch with your lender and lock in. I recommend two lenders in particular:
Devlin McNamara, Bank of America Kenton Brown, Sente Mortgage
512.338.3218 512.637.9900
devlin.mcnamara@bankofamerica.com kenton.brown@sentemortgage.com
