Not that home sales have been slow, but any reduction is good news. We're getting into the best time of the year, so with the rates low, it's a good time to refinance, a good time to buy. Mortgage bankers say sales of new and existing homes are good in North Texas but refinancings are really moving. Gosh, it's doubled from where it was the first of November and most of that is refinance activity. But Motley's reaction to the Fed's latest cut is not what many expect.
Car dealers are happy about the cut.
Loan rates at Autobahn BMW in Fort Worth are down to 6.9 percent for the first time for some models, just lowered this month. Other dealers say it may take 60 to 90 days for car loans to reflect the rate cut. All Rights Reserved.