July 12, 2024

housing marketThe Federal Reserve announced Friday that it's cut the discount rate by a half percentage point to 5.75%. "It's conceivable that the Fed's actions today could go a long way toward restoring liquidity to the markets," said David Greenlaw, an economist for Morgan Stanley.

Will this mark the bottom of the housing slide? Don't count on it! [tags]interest rates,housing bust,housing market,real estate[/tags] San Diego Realtors 

6 thoughts on “Fed cuts discount rate to 5.75% to Help Housing Bust

Comments are closed.