Federal Reserve Rate Cut March 18
Posted on March 18, 2008
Filed Under Finance, News |
Yet another Federal Reserve rate cut March 18. With the fear of recession and home loans crisis going on around the United States, the Fed has cut the rate three-quarters. It now stand at 2.25 percent.
The Fed Rate Cut comes to take some ease off of the sub prime mortgage issue. It appears that this cut won’t help those of you with the fixed rate on your home loan but it will benefit those that are stuck in an adjustable loan. This will be the lowest rate in almost four years.
Over this last weekend the Federal Reserve helped JP Morgan take over and buy the failing Bear Stearns for $30 billion. Hopefully this will help those that are in need and stop those from losing homes. We’ll keep an eye on how this affects the economy.
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[…] lespacearcenciel.com wrote an interesting post today onHere’s a quick excerpt Yet another Federal Reserve rate cut March 18. With the fear of recession and home loans crisis going on around the United States, the Fed has cut the rate three-quarters. It now stand at 2.25 percent. The Fed Rate Cut comes to take some ease off of the sub prime mortgage issue. It appears that this cut won’t help those of you with the fixed rate on your home loan but it will benefit those that are stuck in an adjustable loan. This will be the lowest rate in almost four years. […]
[…] Mortgage Refinance In California wrote an interesting post today onHere’s a quick excerpt Yet another Federal Reserve rate cut March 18. With the fear of recession and home loans crisis going on around the United States, the Fed has cut the rate three-quarters. It now stand at 2.25 percent. The Fed Rate Cut comes to take some ease off of the sub prime mortgage issue. It appears that this cut won’t help those of you with the fixed rate on your home loan but it will benefit those that are stuck in an adjustable loan. This will be the lowest rate in almost four years. […]