Ricky Khamis's Blog: Fed Meeting today


Fed Meeting today


FED'S CUT HALF A POINT!!!  Usually this means that long term rates take a hit, which we did have an intra day re-price of about .125% in rate.  With the market the way it is, it is very important if you're in the market for a refinance to a 30yr fixed that you have your application in.  If you're looking to refinance into an ARM it is not so bad as it was previously due to the short term rate dropping by 1.25% in the last couple weeks alone.  If you're in 2nd mortgage that is fixed you may want to look at Home Equity Lines of Credit as the rate are very favorable.

www.ApprovingAZ.com  Get your application in so I can lock your rate as well



Ricky Khamis, CMPS

Sr. Mortgage Consultant

Certified Mortgage Planning Specialist

On Q Financial

Mortgages Simplified

1820 East Ray Road, Suite A101

Chandler, AZ 85225

888-929-CMPS (2677) Toll Free


480-305-6232 Direct

480-305-6282 Direct Fax

602-758-7425 Cell



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Ricky Khamis
NMLS 173141 | LO-0911814 | CA-DOC173141
Branch Manager | Corporate Office
Arizona and California CE Instructor

Email: Rick@amerifirst.us

480-344-1900 office
602-758-7425 mobile
480-339-1615 fax

NMLS 145368 

1550 E. McKellips Rd, Suite 117
Mesa, AZ 85203


Amerifirst Financial Disclosure-  The opinions expressed here are the personal opinions of Ricky Khamis.  Content published here is not read or approved by Amerifirst Financial before it is posted and does not necessarily  represent the views and opinions of Amerifirst Financial.

Comment balloon 1 commentRicky Khamis • January 30 2008 09:54AM


I hope this help put more money out in the economy to get consumers spending again, and new borrowers to purchase.
Posted by Dwayne West, Canton Georgia Real Estate (Atlanta Real Estate) over 12 years ago