Tuesday, December 16, 2008

Fed Cuts Rates, Boost Confidence!!!

Today's move by the Fed to drop rates, is a move in the right direction!!!! This will allow for the credit markets to become more liquid, and will ease mortgage rates further down. The next step is to limit the amount of foreclosures/short sales hitting the market every day. Once foreclosure/short sales are limited the real estate market can begin to stabilize.