Real estate blog entries tagged with federal reserve by John Elwell (CENTURY 21 Bill Nye Realty, Inc)

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federal reserve: Freddie Mac: Fed Interest Rate Drop Helps Lower Mortgage Interest Rates - 03/20/08 06:25 PM

Today 3/20/08, Freddie Mac reported that the average mortgage interest rates for 30 year and 15 year fixed-rate interest rates have dropped. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 5.87% (5.84% in the southeast), down from 6.13% a week ago. The average interest rate for … (0 comments)

federal reserve: Federal Reserve Drops Its Rate by 0.75% - 03/18/08 08:26 PM

Today the Federal Reserve dropped its funds rate by 0.75%, so that it now sits at 2.25%. Many had predicted that they would drop it a full percentage point, but none-the-less, this was a significant drop. The rate now sits at the lowest it has been since December 2004. The … (0 comments)

federal reserve: Will Federal Reserve Reduce Interest Rates a Substantial Amount? Will It Matter? - 03/16/08 06:00 PM

We are being told that, in an attempt to further stimulate the economy, the Federal Reserve will reduce one of its key interest rates. This after another large reduction just a few weeks ago. Many think that they will drop it a full percentage point which is almost unprecedented. Others … (0 comments)

federal reserve: Federal Reserve Drops Interest Rate 0.5%, Less Than A Week After Similar Drop - 01/30/08 06:40 PM

Just a week ago the Federal Reserve had a late night special meeting and decided to drop their interest rates by a whopping 0.75%. Now just a week later they have dropped the rates an additional 0.50%!
This combined drop of 1.25% places the Fed's rate at just 3%, the … (0 comments)

federal reserve: Federal Reserve Makes Drastic Rate Cut Based on Recession Fears - 01/22/08 05:19 PM

From everywhere it is being reported that the Federal Reserve today dropped its key interest rate from 4.25% to 3.75%. The largest drop since 1990! Fears of a coming (or present) recession in the United States was the apparent reason given for this large drop. With the sluggish housing market being … (0 comments)

federal reserve: Recession Fears Cause Federal Reserve To Drop Key Interest Rate - 09/18/07 04:43 PM

Today, September 18, 2007 the Federal Reserve cut the interest rate that banks charge each other by a half a point, the first drop of this rate in 4 years. This was done to prop up the slumping housing market and head off any possibility of a recession. The actual drop … (0 comments)

federal reserve: National Association of Home Builders (NAHB) Applauds Federal Reserve Move to Calm Markets - 08/18/07 04:57 PM

In response to the troubles in the credit markets, evidenced by the large numbers of mortgage lenders jumping off the cliffs like lemmings, the Federal Reserve lowered the discount rate that it charges banks by 1/2 of a percentage point. They felt that the crisis had arrived at a point … (0 comments)

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