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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (120238)	5/2/2008 11:26:07 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

The Fed and Your Home schwabinsights.com Don’t bet on cheaper mortgages. The good news: low-rate home equity credit lines. As the Federal Reserve continues to slash short-term interest rates, falling mortgage rates shouldn’t be far behind, right? Unfortunately, no. While home equity loan rates (which are adjustable and follow short-term rates) have fallen, mortgage rates haven’t dropped in line with the Fed rate cuts—and in some cases, they’ve increased! Indeed, we believe mortgage rates will likely remain relatively high as the current market disruptions continue... mo'