The Fed Cuts Interest Rates 1/2 Point

A rate cut was expected today, but the aggressive .50% rate in both the Federal Funds Rate and the Discount Rate surprised many, including myself.The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, this is the first Fed rate cut in four years!

We wrote more about the rate cuts, the stock market and the housing market at our main blog, The Gardyn.

I have talked in past the housing market in Madison is slowing more on psychological reasons, instead of a fundamental reasons. This will probably help many buyers that are sitting on the fence start get more serious.

Related Posts:

The Fed Decides On Interest Rates Today

Is Now A Good Time To Buy?

Mortgage Interest Rates

Madison Real Estate Market

Dane County Days On Market