Real Estate Woes Cause Fed to Cut Interest Rates For Third Time In Three Months
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. San Diego California real estate [tags] interest rates, real estate, mortgage rates, real estate bubble[/tags]
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3 Comments
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Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
Bianca
San Francisco California Law
Just get it over and done with, a recession is required to weed out the crap in the market.
The UK & US both need a hard landing. Bring it on!!
Aaron
San Diego California Lasik Surgeons
The housing market is in balance, when you can buy your house with your income. Can you? There is still long way to go!
Amanda
San Diego County Cosmetic Surgery