Fed Gets Aggressive

The Federal Bank has just announced it is going to aggressively manipulate the economy. This should be taken as great news if you are looking to borrow money to purchase a home. Why? The most likely act by the Fed will be to lower the rate it charges banks to borrow money. This should result in more borrowing and an increase in liquidity in the market. Put in English, there should be more money available to borrow which may mean the end of the credit crunch. That would be great for the real estate market!

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