Real estate blog entries tagged with fed by Marc Brinitzer (Big Valley Mortgage)

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fed: Fed Cuts Rates by One Half Point - 09/18/07 01:54 PM

Acknowledging the growing concern over a recession which was cemented by the August jobs report, the Fed cut both the Fed Funds and the Discount Rate today by one half point. Here is the text of the statement:
The Federal Open Market Committee decided today to lower its target for the … (0 comments)

fed: Sacramento Mortgage Rate Update: Today’s Fed Meeting and PPI - 09/18/07 10:56 AM

While we wait for the Fed’s final decision on rates this morning (announcement at 11:15 Pacific time), we can chew on the Producer Price Index (PPI) report that preceded it.
This is a good example for anyone confused by these numbers. The “headline” PPI figure showed a drop of 1.2% … (1 comments)

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