Fed Increases Key Interest Rate

February 19th, 2010 categories: Mortgages & Financing, The Market

Maybe Tim O’Leary, of Wells Fargo, is a clairevoyant. In my last blog, I reported that in a conversation with him yesterday, he mentioned that interest rates have been moving up, and then this morning I notice that the BBC reported the following action by the Federal Reserve.

“The US central bank said late on Thursday that it was lifting its discount rate to 0.75%, from 0.5%.” CLICK HERE TO READ THE ENTIRE ARTICLE

Just remember that everything cycles, tides ebb and flow and so do Honolulu real estate mortgage loan interest rates.  We have been at lows for sometime and one should expect rates to move up for a while.  So, here’s some advice, buy now!

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If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093.  You can email me at keahi@lava.net.

This entry was posted on Friday, February 19th, 2010 at 3:33 pm and is filed under Mortgages & Financing, The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Offices | Bucks County Real Estate said at February 19th, 2010 at 9:29 pm

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