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Federal Reserve Board - Discount Rate Cut

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

Posted by DFW Urban Realty on 02/05/2008 10:24 AM

Comments (1)

discount rate, federal reserve, dallas discount rate, dallas mortgage rates, federal reserve cut rate

This post has been included in Texas Information Dallas County, TX Information Dallas, TX Information

1 Comments on Federal Reserve Board - Discount Rate Cut

FEB

2008

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

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