Today, the Federal reserve cut it’s federal funds rate, the interest banks charge on overnight loans, by 1/2% to 1 percent. The last time funds rate was lower than this was in 1958.
Will other rate cuts be in the offing? Some analysts think so. They feel the Fed could drive the funds rate as low as 0.5 percent and might even go to zero.
Richard Adams: The Fed’s interest rate cut isn’t enough to save … – Richard Adams: With official interest rates near zero, the US may as well start printing money to bail-out Detroit – and everyone else.
Fed Cuts Interest Rate – Stocks advanced after the Fed cut a key short-term interest rate to the lowest level on record to a range between zero and 0.25 percent, but the excitement wavered this morning as U.S. stock futures appear to be returning to their …
t r u t h o u t | Fed Cuts Interest Rate to Historic Low – President-elect Barack Obama noted Tuesday during a Chicago news conference that the Fed has cut interest rates almost as low as possible. That makes it “critical that the other branches of government step up” and work to stimulate the …
How U.S. Federal Reserve historic Fed interest rate cut affects … – CEOWORLD Magazine brings you the latest news from around the world, covering breaking news in business, finance, politics, entertainment, and more…
Fed cuts key interest rate to historic low – San Jose Mercury News – Fed cuts key interest rate to historic low. Mercury News wire services. Article Launched: 12/16/2008 07:25:10 PM PST. The Federal Reserve entered a new era Tuesday, lowering its benchmark interest rate virtually to zero — for the first …
It seems San Diego has gone from boom to bust overnight.
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In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments.
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Real estate should always be thought of as long term investments. People who buy properties whether in San Diego or anywhere else must realize that the potential for loss is ever present.
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Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate.
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I’m buying a home not so much as an investment but as a place to live and raise a family.
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I think people’s expectations of multiple digit appreciation each year in real estate are now proven to be a total fallacy.
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Real estate homes should be thought of as just that and not investments.
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Homeowners should be prepared to ride out the current fluctuation, because in the long run values should continue to escalate.
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