Sunday, September 23, 2007

Here's what to expect following the rate cut (The Star-Ledger)

Well, the stock market certainly went bananas. But the Federal Reserve's surprise half-point rate cut last week, to 4.75 percent, won't magically bring the housing market back to life or stop the wave of defaults and foreclosures in the "subprime" home-loan market.

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[Source: Yahoo! News Search Results for housing loan]

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