A Discussion Blog From Real Estate Specialist Brent Greer On Using Commercial/Investment Real Estate As The Key Strategy To Build Wealth, Support Institutional Business Strategies
Wednesday, October 31, 2007
Central Bank Drops Interest Rate 1/4 Point
The Federal Reserve today announced it was dropping a key short term interest rate to 4.5 percent. The one-quarter percent cut is designed to stimulate the sluggish housing market. And of course, lower interest rates are always good news for real estate investors. This is the second time the Fed has cut rates this year.