Fed Rate Cut #6 - Interest Rate Down to 2.25%
March 18th, 2008 Categories: Buying, Keller Williams
In another anti-recession move, the Fed cut the interest rate again, this time by 3/4 of a point - bringing the current rate to 2.25%. It is the 6th cut in as many months by the Federal Reserve, as they try to stimulate economic growth and prevent a recession. For those of you who don’t know, a recession is defined by 2 consecutive negative quarters of economic growth.
I certainly hope this rate cut encourages new customers to begin actively searching for a new home. With this recent rate cut, the buyer’s market continues to get better! With spring right around the corner, and more properties being listed for sale, “Spring Fever” for buyers is about to hit! Call me today to discuss how this rate cut can help you afford your new home! 703-283-4524
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