Rate Cut Is Going Happen

By
Mortgage and Lending with Peoples Home Equity, Inc.

Experts are saying that Federal Reserve chief Ben Bernanke is is going to cut key interest rates by 1/2%, and possibly as much as 3/4% when the Fed meet again on March 18th.  Bernanke has said that the health of the U.S. economy is his biggest concern.

A half point cut would bring the Federal Funds rate to 2.5%.  It has already been lowered 2.25% since September 2007 to help keep the economy out of a recession.  Many think that after the March rate cut we might not see another cut for quite some time, to let things settle and then see what happens.

Thanks,

Clint

615-972-8221

http://www.besttnloans.com/

 

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Rainmaker
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Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate
I know that he said it on TV yesterday, but like a lot of people, I couldn't understand why they kept raising rates last year. It was sure to cause the economy to tank.
February 28, 2008 08:18 PM #1
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Clint Haynes

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