Real estate blog entries tagged with surprise fed rate cut by Jay Epstein State Farm Insurance

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Home : Blogs : Lisa Epstein : Lisa's Blog : Tag "surprise fed rate cut"

surprise fed rate cut: Intermeeting Surprise Fed Rate Cut - 01/22/08 03:58 PM

In a surprise move this morning, the Federal Reserve lowered the Fed Funds Rate by .75% to 3.50%. This move was prompted by an emergency meeting last night as global equity markets sold off significantly due to foreign investors' fears of a US recession. It is very interesting to note that this morning's Fed cut was the first intermeeting Fed action since September 16, 2001 and the deepest one day cut since 1984.
While many believe that a cut to the Fed Funds Rate results in an immediate decrease to mortgage rates, this is not true. In fact, on several occasions … (0 comments)

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Lisa Epstein

Ukiah, CA

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