Real estate blog entries tagged with interest rates cut by America-at-Home Real Estate

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Home : Blogs : Diane Webster : At Home With Diane : Tag "interest rates cut"

interest rates cut: Fed cuts short-term rates to the bone - 12/17/08 02:45 PM

Next up: More purchases of mortgage debt
By Inman News, Tuesday, December 16, 2008.

The Federal Reserve slashed short-term interest rates today to nearly zero, bringing to an end a 15-month campaign of rate reductions intended to encourage borrowing and stimulate economic growth.
With further cuts no longer possible, members of the Fed's open market committee promised to continue to "employ all available tools" to support financial markets and stimulate the economy, including purchases of mortgage-backed securities and other debt.
In cutting the target for the federal funds overnight rate to a never-before-seen low -- between zero … (0 comments)

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