|
| |
federal funds rate: World Governments Enact Emergency Rate Reduction - 10/08/08 10:08 AM
The Federal Reserve, acting in coordination with other global central banking authorities, cut the Federal Funds rate, a key interest rate by (1/2%) half percentage point Wednesday in order to help stabilize the current lending crisis threatening the US economy.
The Bank of England cut its rate by half a point while the European Central Bank reduced their's as well. Other central banks also taking part include the banks of Canada, Sweden, and Switzerland.
China also cut its key interest rates Wednesday for a second time in less than one month to stimulate slowing economic growth amid the global credit crisis.
… (1 comments)
|
federal funds rate: Mortgage Rates Rise as Fed Hints of rate increase due to inflationary concerns - 06/12/08 04:05 PM
Inflation concerns are causing mortgage rates to rise again!
Interest rates tied to home loans took a turn for the worse after troubling comments from the Fed regarding inflation sent them to their highest levels since last fall, mortgage financier Freddie Mac said today...
Mortgage rates jumped this week after a number of Federal Reserve officials, most notably Chairman (Ben) Bernanke and Vice Chair (Donald) Kohn, expressed concern over a threat of inflation," Frank Nothaft, Freddie Mac chief economist, said in a statement.
"This led some market participants to believe that the Fed will raise rates more aggressively over the year … (1 comments)
|
federal funds rate: Fed Cuts Discount Rate to slow down subprime lending crisis - 08/18/07 02:59 PM
Looks like some relief is finally arriving for the mortgage market. The following has been taken from a recent news article on this subject. See the entire article @ http://bloomberg.com/apps/news?pid=20601087&sid=aE1A7RkmKsag&refer=home
The Fed, in a surprise announcement in Washington, cut the so-called discount rate yesterday by 0.5 percentage point, to 5.75 percent. Policy makers dropped language indicating their bias toward fighting inflation, and instead highlighted a rising threat to economic growth.
The Fed's action reflects alarm that more restrictive lending and market volatility will deepen the housing recession and weaken employment.As recently as the Aug. 7 meeting, the FOMC said inflation was still the biggest danger … (1 comments)
|
|
|
|
|
|
Illinois Financial Advisor Greg Zaccagni
Wheaton,
IL
More about me…
Farmers Insurance
Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189
Cell Phone: (630) 853-8555
Email Me
Mortgage Rates, Programs & Trends
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)