Feds cut Short Term Rate 0.5%, so now What?

fed-rate-cut.jpgOK, so the Feds are starting to make some intelligent moves with the short term interest rates in a move to fend off a recession.  Well, what took you guys so long.  Is it too little, too late?  I don’t know, but hopefully not.  Banks quickly followed suit by adjusting interest rates down to 6% from 6.5% making it cheaper to purchase property.  With property hovering around 2003/2004 values, now is a great time to buy a second home, vacation home, waterfront home or whatever you’re looking for.  Florida has some great deals right now, and it’s foolish for anyone looking to move to the Tampa area not to buy now.  You don’t have to take it from me, just don’t complain when the prices across the board start to climb, then its just too late to get the blue light specials.

Just keep your eyes on the prize…

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~ by ToughGuy on January 31, 2008.

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