Fed Cuts Rate Again

October 31st, 2007

Today, the banks got a treat.? Whether or not it helps out Joe Homeowner remains to be seen.? Fed Funds now is at 4.50%.?

If Prime is adjusted down at least rates indexed to Prime should see a little relief.

We may also finally see a normalized yield curve, although it took lower leads to get us there.

-- By +Chris Duncan

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