By vanko on September 18, 2009
As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 5.25. This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully in the troubled housing market.
Such tactics have [...]
Posted in Develop Your Skill | Tagged cut, enough, federal, interest, is, Mortgage, prime, rate, stabilize, sub, the, to, woes
