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WILL RATE CUTS RESTORE CONFIDENCE?

Some people will undoubtedly misconstrue today's financial aid rate cut of 0.50% by Ben Bernanke and the FED thinking that it will lower it will lower the mortgage interest rates, when in fact the opposite could happen. Certainly the move was unprecedented and quickly followed by major central banks around the world in a move to stave off financial destruction. The cut followed the $700 billion rescue plan that no one is calling it a bailout anymore. Continue

Mortgage red

Posted by V. K. Melhado P.A., ABR, e-Pro, GRI, TRC on 10/08/2008 07:41 PM

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V. K. Melhado P.A., ABR, e-Pro, GRI, TRC

Naples, FL

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Downing-Frye Realty

Office Phone: (239) 261-2244

Cell Phone: (239) 216-6400

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A blog for real estate specializing in the greater Naples area market.

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