This is what all the policy makers are saying and I feel 99% sure that will happen when fed chair Bernard Bernanke meets with his advisors later this month. This administration has shown a willingness to keep a short leash on monitoring and stepping in when the economy gets derailed as seen when they cut the over night rates that banks loan money to each other. This market is not as bad as everyone is saying, just a thought, the house you are trying to sell for $400,000 now would have been worth $550,000 3 years ago. But the home you want to buy now for $600,000 was worth $750,000 3 years ago, are we getting this?
Interest rates will be cut by September 17
August 31, 2007 by David Hughes
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