Federal Reserve Cuts Rates .75% Today
The Federal Reserve announced today at 2:18 PM that they would cut the key funds rate by .75% to 2.25% which was less than expected.
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Archive for the 'Mortgage Rates' Category (Chronologically Listed)
Federal Reserve Expected to Cut Rates .5 Percent Today
At 2:15 PM today the Federal Reserve is expected to drop rates by a half of a point as part of an ongoing effort to combat the effects of the housing slump and credit crunch on the economy.
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Posted by Ryan Fiore on Jan 30 2008 under Ben Bernanke, Federal Reserve, Gross Domestic Product, Housing Market, Mortgage Rates
Futures Price Out Another .75 Percent Rate Cut
Wall Street is now speculating that the Federal Reserve will lower interest rates another .75 percent next week on the 30th.
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Bush and Congress Agree on Economic Stimulus Plan
President Bush and congressional leaders agreed today on a $150 billion package of tax rebates and business incentives designed to combat threats of a recession.
Federal Reserve Slashes Funds Rate By .75 Percent
Fears of recession rise as the Federal Reserve had an emergency rate cut today lowering a key interest rate by three quarters of a percent.
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Federal Reserve Releases Statement That Cuts Interest Rates
The Federal Reserve released this statement earlier today.
Posted by Ryan Fiore on Jan 22 2008 under Ben Bernanke, Fixed-Rate Mortgages, Frederick Mishkin, Mortgage Rates, Uncategorized
Dow Jones Drops 294 Points As Federal Reserve Cuts Rates
As the Federal Reserve cuts its key lending rate for the third time in a row today Wall Street reacts poorly as it was expecting a half point reduction.
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Wall Street Expects the Federal Reserve to Cut Rates Tomorrow
The Federal Reserve is expected to cut the benchmark funds rate by an estimated .25 percent tomorrow as the credit market has put stress on the economy.
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Posted by Ryan Fiore on Dec 10 2007 under Federal Reserve, Housing Market, Mortgage Lending, Mortgage Rates
Fed Votes 9 to 1 in Favor of Lowering Rates .25 Percent
At 2:15 today the Federal Reserve announced that they will be lowering the discount rate a quarter bringing it to 5 percent & the funds rate down a quarter bringing it to 4.5 percent. These quarter rate cuts came after the gross domestic product results came in higher than expected.
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Posted by Ryan Fiore on Oct 31 2007 under Ben Bernanke, Federal Reserve, Housing Market, Mortgage Rates
Rate Cuts Expected This Week
Previously we had about a fifty fifty verdict as to whether or not the Federal Reserve will cut rates come this Wednesday, but it seems now more people are leaning towards a quarter rate cut.
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