Sunday, February 3, 2008

Groundhog exits burrow, Fred goes in...

Yesterday February 2nd: Punxatawney Phil saw his shadow (thus 6 more weeks of winter). He made no comments about the state of the economy or any pending recession.

Tax filers have even longer, until April 15th as Fred will be hibernating in his office Monday through Saturday until then.

The Federal Reserve Board cut the discount rate again this past week. What does this mean to you? It's a great time to consider refinancing your mortgage or other loans. Contact your local lender, check the newspapers and visit the consumer friendly hsh.com for mortgage rate information.

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