Wells Fargo

WeeklyBasis 10/01/07: October Rates Depend on Jobs Report

Rates for conforming fixed, conforming ARMs and jumbo fixed are about .125% lower since the Fed cut both the bank-to-bank Fed Funds Rate and the Fed-to-bank Discount rate by .5% on September 18. With the next Fed meeting at the end of this month, it’s important for everyone to remember: Fed rate moves are not