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interest rates: Another Fed rate cut? - 11/28/07 12:19 PM
In a report on cnnmoney.com, the Federal Reserve Governor implies that there will be another fed rate cut in the future. So what does that do the economy? The whole purpose of a rate cut is to spur on economic growth.  A rate cut will put a jump in the stock … (1 comments)

interest rates: Economic Impact of Fed rate cut - 11/02/07 03:04 PM
Did you know that the Fed cut the federal funds rate by 1/4 point?  The federal fund rate is now 4.5%.  How does that impact the rest of the economy? It affects it in numerous ways. As soon as the rate decreased, commercial banks reduced their lending rate to 7.5%. Not … (0 comments)

interest rates: It's a good time to buy - 10/18/07 02:58 PM
If you're thinking of buying a home, now is the time. With 888 homes and 257 town homes/condos on the market in Rochester alone, you have plenty to choose from, not to mention we have some motivated sellers out there.  Also, keep in mind that interest rates are currently 6.05% (30 … (0 comments)

 
Real Estate Agent: Esther Claassen (Re/Max of Rochester)
Esther Claassen
Rochester, MN
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Re/Max of Rochester

Office Phone: (507) 287-7706
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