Fed Cuts Rates - Stock Market Tumbles

By
Real Estate Broker/Owner with brokerforyou.com CA Lic#00706331

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 BustJumbo 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 RSS feed is: http://www.brokerforyou.com/brokerforyou/?feed=rss2                                                 San Diego California real estate

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interest rates
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