The Federal Reserve's effect on mortgage rates (The Advocate)

Story date: 2007-09-22 04:02:39
Added on: 2007-09-22 22:15:54

The Federal Open Market Committee decided Tuesday to lower its target for the federal funds rate to 4.75 percent. Now, some economists are predicting a string of rate cuts will follow to calm financial markets and keep the worst slump in housing in 16 years from pushing the country into a recession.


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