Mortgage Rates Drop to 6 week low!

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Financing

I used to think based on actions by the Fed that I could somewhat predict when interest rates would drop.  If the Fed dropped the rate, the long term mortgage rates would drop.  Makes sense.  But not so.  After recent rate cuts, they actually increased.  But the good news in this bewildering scenario is that now, they HAVE dropped and are at their lowest point in 6 weeks!  At any rate, (no pun intended) it's a great time to buy.  See this article in the Florida Realtors Magazine for more details:

Mortgage Rates Drop!