December 16th, 2008
Late yesterday (Tuesday) afternoon, the Federal Reserve slashed its target for the overnight federal funds rate to a range of 0 to 0.25 percent. That may sound like meaningless gobbledygook, but it’s not. It’s an all-time record low. Read the rest of this entry »
Tags: borrowers, borrowing, consumer news, economy, Federal Reserve, getting a mortgage, house prices, housing market, housing prices, interest, interest rate reset, interest rates, lender, lenders, lending institutions, mortgage lender, mortgage lenders, mortgage news, mortgage rates, mortgages, national home prices, rate cut, real estate, reduced rates, US economy
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