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Fed Cuts Rates - Stock Market Tumbles
The Fed’s quarter-point cut in the federal funds rate to 4.25 percent was announced shortly after 2:15 p.m. ET and was the third straight rate cut from the Fed. The cut disappointed investors who had hoped for a more aggressive rate reduction of a half-percentage point. So, The market is currently down over 200 points on the Dow Index.\
Some of our prior posts on interest rates were: Fed Cuts .25% From Interest Rates To Help Housing Market, Housing Market Remains A “significant drag” On The Economy - Ben Bernanke, San Diego real estate - The effect of “qualifying” on prices in higher priced markets. part 2 , Home Mortgage Rates Actually HIGHER After Fed Rate Cut!, Economists Says . . . We’re not out of the woods yet!, Interest Rate Cut . . . Is This The Bottom Of The Real Estate Market?,  Greenspan on The Housing Bust, Jumbo Loan Rates About to Hit Luxury San Diego Real Estate Sales, Fed cuts discount rate to 5.75% to Help Housing Bust          * To read the full post please visit the San Diego real estate blog. The exact page link is: http://www.brokerforyou.com/brokerforyou To subscribe to the San Diego real estate blog for free, our ... more

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