Wednesday, September 19, 2007

Fed Rate Cut

The Federal Reserve did something a little unexpected yesterday and cut interest rates by half a percentage point. A big problem in many markets was that houses just weren't affordable for the average person. Now, not only have the price of houses come down in many markets, but the payments are also more affordable because of the lower interest rates. This should make a big impact in helping people achieve their goals of home ownership. So, if you've been thinking about buying a home for a while, get out there and take advantage of the great prices and interest rates!

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