December 9, 2024

housing marketFor 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

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