Thursday, December 27, 2007
Interest Rates
On December 11th, 2007 the Feds decreased the federal funds rate from 4.50% to 4.25%. This is a short term rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight. This rate effects Home Equity Lines of Credit (HELOC) which prime is now at 7.25%. These rates do not effect 30 year, 20 year, 10 year fixed rates, etc. If you'd like to know what your interest rate would be if you purchased or refinanced a home, click on the link at the left that says "Apply Today" and complete the information. Otherwise, please give Premier Mortgage Link a call at 763-862-3990 or 763-300-9510.
Wednesday, December 26, 2007
Tuesday, December 18, 2007
New Blog
Welcome to our new Mortgage Blog, courtesy of Premier Mortgage Link. We are open to any questions you might have regarding mortgage's. We will also be posting other items on this blog.
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