Refinance Mortgage: The Fed is saying lock in low rates - 2006-02-02
The fact that the Federal Reserve's Open Market Committee hiked short-term rates another quarter of a percentage point on Tuesday isn't, by itself, such a huge deal. However, the Fed's comment on more possible need for more rate hikes jangled investors' nerves. For those with an ARM loan, doing a refinance mortgage into a fixed rate home loan could become that more financially viable.
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