For the second time in six weeks, the Federal Reserve cut its key interest rate today in a bid to keep the economy from weakening further.
The central bank cut its federal funds rate from 4.75% to 4.5%. The rate is what banks charge each other for overnight loans and affects everything from auto loans to credit card rates.
A few of out prior posts about interest rates were:San Diego Home Values Fall 5.6% & Sales Drop 36.4%,Housing Market Remains A “significant drag” On The Economy – Ben Bernanke, San Diego Real Estate — It’s Always Hard to Sell Into a Rising Market, San Diego real estate – The effect of “qualifying” on prices in higher priced markets. part 2, Home Mortgage Rates Actually HIGHER After Fed Rate Cut!, Economists Says . . . We’re not out of the woods yet!, Interest Rate Cut . . . Is This The Bottom Of The Real Estate Market?, Greenspan on The Housing Bust, Employment Report Negative Surprise . . . for Some, Jumbo Loan Rates About to Hit Luxury San Diego Real Estate Sales, Fed cuts discount rate to 5.75% to Help Housing Bust, Bond Interest Rates Move Up On Subprime Loan Problems, Home Interest Rates Up Fifth Week In A Row! [tags]interest rates, Fed rate cut, housing market,housing bubble, real estate bubble[/tags] San Diego Realtors
This rate cut will not stop the real estate decline. More interest rates are coming!
Fort Worth Texas lawyers
The fed keeps making all these so called changes that are supposed to help the real estate market but I don’t see any changes!!!
jeremy
San Diego California Lasik
Cutting interest rates WILL NOT solve all our problems, but i’m confident we’ll slowly see better results as time goes on.
Erin
San Diego Plastic Surgery
The Fed has used over half of its available bullets.. and we’re nowhere near the end of this crisis.
Isaac
San Diego California Medical Research Studies