FED Rate Cut - is it the answer?
By Robert Foust, North Orange County | Fullerton Real Estate | Brea
(Foust Team Real Estate Sales, Master Certified Negotiation Expert)
Today the FED cut rates again, and to all time lows. Is that the answer? I sure wish that it was, but I think the questions are much harder and that one move will "not the solution be". Don't get me wrong, I am sure glad they did it, but we will need the 10 year treasury rates to fall also (since the 30 year mortgage is dependent on that). I am afraid that we will need many bold moves for us to break the back of this recession. But again, this is a good one -- and we want more.
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