September 7th, 2007 5:43 PM by Manuel Couto, CRS, CRB
Can you imagine that? The government just realized that Real Estate was driving the economy the last 10 years. The newest update is that to stave off a recession and slow the damage caused by the lending crisis, they are considering lowering the interest rates to spur more borrowing, and take the risk that inflation won't rear it's ugly head.
What does that mean to you, the consumer? Who knows. The rate that normally gets cut is the overnight rate, not the long term rate (that's more market driven). Let us hope that it benefits us all.