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Interesting Financial Day Today

I think most have heard by now that the Fed cut interest rates by 3/4 of a percent today. The stock market seemed to be tanking and it did manage to recover a bit. What does all this mean to us? Well, initally the interest rate that banks charge consumers did not change much today, but according to our mortage expert consumer interest rates may fall again once the smoke clears from today's happenings. Also, if the stock market continues to perform poorly I think that investors will start to look at real estate again. With the current buyers market and historically low interest rates ,I think real estate will once again become a safe investment for consumers. Thoughts? Feel free to participate in the blog poll on the right side of the blog (scroll down).

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