January 31, 2008 -

The Federal Reserve Board approved another .5% discount rate cut for Richmond, Minneapolis, and Dallas.  Effective immediately the discount rate will descrease from 4% to 3.5%.  Homeowners, including new purchasers and those refinancing, are hoping this will have an indirect effect on mortgage rates bringing the 30 year mortgage rate even lower surpassing rates from the boom in 2001-2005.

Federal Reserve Monetary Policy Releases 

Dallas Texas Real Estate

 

1 Comments on Federal Reserve Board - Discount Rate Cut

Interesting release. I didn't realize they could regulate rates in just certain cities. 

02/05/2008 10:32 AM by American Apartment Owners Association (American Apartment Owners Association)

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Real Estate Agent: DFW Urban Realty (Dallas Fort Worth Real Estate)
DFW Urban Realty
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