Fed rate cuts not reaching mortgage market (Providence Business News)
By Mortgage Rates Admin - Posted on March 27th, 2008
Tagged: eight times
• federal funds rate
• federal reserve policymakers
• mortgage lenders
• percentage points
WASHINGTON – Although Federal Reserve policymakers have cut key interest rates eight times since August, shaving 3 percentage points off the benchmark federal funds rate ( READ MORE ), mortgage lenders have so far declined to follow suit.
