As expected, the Fed cut the Fed Funds Rate by 50bp yesterday--bringing it down to 3%. This is good news for those with Home Equity Lines of Credit, Auto Loans, and credit card debt, since these rates will also be lowered.
All CHFA Mortgage Program interest rates aresubject to change weekly. The following ratesare in effect until Thursday, February 7, 2008 : _____________________________________________
Homebuyer Mortgage ProgramInterest rate: 5.125 % (APR range 5.225 - 5.625 %)Fees: Up to One Point (1% Origination Fee) * Payable to LenderTerm - 30 years, fixed rate * Additional fees may apply
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