Fed Rate Cut Will Help Kapolei ARMs
Resetting ARMs will do so at a lower rate
For those who have Kapolei ARMs, yesterday’s Fed rate cut may be helful. Resetting ARMs will do so at lower rates, and those whose rates have already set may find payments that are more manageable on their Kapolei real estate. Yahoo! Finance reports on others that will benefit from yesterday’s Fed rate cut:
After the Fed’s rate cut Tuesday, banks quickly cut their prime rate –
the rate they charge their best customers — to 6.5 percent. The prime
rate also serves as a benchmark for credit cards and home equity loans,
and those borrowers will benefit from lower rates.
the rate they charge their best customers — to 6.5 percent. The prime
rate also serves as a benchmark for credit cards and home equity loans,
and those borrowers will benefit from lower rates.
For more information and help getting rid of Kapolei ARMs, or to buy Kapolei real estate, contact John Riggins.
Related Links
How Are Mortgage Rates Determined?
Learn about how mortgage rates are set
Find a Kapolei home
Kapolei community events and news
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