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St. Louis Real Estate - St. Louis Mortgage News

http://www.stlouisrealestatevoice.com Posted by doug63026 1708 days ago

With great anticipation the financial markets await the results of tomorrows meeting of the Federal Reserve Board and their plans on guiding our economy. As of this moment, most of the prognosticators believe the Fed will lower short term interest rates by .25%, to a rate of 5% from 5.25%. Some believe that they will lower them a full .50% to 4.75% and others, a small group believe the Fed will do nothing. But the bigger question that you, my readers have is; what does the Fed cutting rates have to do with my mortgage rate?

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