loans: Federal Reserve Cutting Short Term Rates - 05/01/08 12:52 PM
Interest Rate Update The Federal Reserve cut short term interest rates by 1/4% Wednesday in a continuing effort to stimulate the economy. The published policy statement issued by the committee also indicated that this could be the last rate cut. This statement is actually good news for the Treasury Bond Market which (3 comments)
•· FHA is a division of HUD and was established in 1934. The Federal Government created FHA loan programs to encourage homeownership throughout the country. FHA doesn't actually make the loan, they simply insure the loan to limit the risk to the approved lender.
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