Pointer Appraisal Northeast Ohio Property Economics & Appraisal Blog

The federal reserve dropped rates on Tuesday and it is reported by the Wall Street Journal that the result was a chain reaction of refinance activity across the US.  According to the Wall Street Journal, 30 year rates dropped by 1/2 percentage point to about 5.5%. 

See wall street journal article here: WSJ.com - Fed Aid Sets Off a Rush to Refinance