If Greenspan cuts rates and mortgage rates drop again before my closing on August 11th now that I’ve locked in, I’ll be quite pissed at myself, and Ivan can say “I told you so”.
Greenspan Says Fed Could Cut Rates Again (AP on Yahoo News)
The Federal Reserve stands ready to reduce interest rates even further if necessary to boost the sluggish economy and guard against a destabilizing fall in prices, Federal Reserve Chairman Alan Greenspan said Tuesday.
Although, the next Fed meeting, which is when these things usually happen, will be August 12th, which is the day after my closing. So it probably won’t affect me. :-)
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