JohnPau2010 asked:


1) There are a website where we can see while qu? est banks? n giving good interest rates? s mortgage? 2)? We have to look only at the local bank where I live? • If you live in Illinois, I find a lender or a bank in IL only? 3)? Suggestions that the bank is good?

Russell

ohioan_femme asked:


Today, Federal Reserve slashes benchmark interest rate to between 0.25 and zero percent. What the heck does that mean? And how come no matter how many times the Fed slash the rate, it barely affects the 15-year and 30-year mortgage interest rates? Does it have something to do with the housing demand? Isn’t the housing industry in the pits now? How come the rates are not going down? Can anyone explain this to me in layman’s language?

Thank you.

Lydia