Fed Needs To Cut Rates More

<h1>Fed Needs To Cut Rates More</h1>Author: <a title="Mike Colpitts" href="http://www.articlesbase.com/authors/mike-colpitts/27893.htm">Mike Colpitts</a> The Federal Reserve Board of Governors needs to quickly cut interest rates further in order to stop the U.S. housing market slow down from worsening and avert a national recession, according to a new report by Housing Predictor. 
 
The Fed finally acted to cut interest rates by a half a point and help the U.S. economy, especially the nation's ailing housing market. But the Fed's step to cut the chief bench mark rate is already too little too late for many American homeowners. 
 
A record number of homeowners in the millions are facing foreclosure or at least the threat of losing the roof over their heads. The crisis has exploded into the greatest foreclosure epidemic since the U.S. Savings and Loan Fraud Crisis in the late 1980's and threatens to worsen and produce the worst housing crisis since the Great Depression. 
 
The Fed acts to maintain a balance of the national economy in order to avert economic down turns and hold off inflation. But the overall economy in the U.S. has already been damaged by the weakening U.S. housing market. Prices are declining in the majority of real estate markets, and too many Americans have used their homes as piggy banks to borrow against them. 
 
The additional turmoil caused by the lack of mortgage funding for many loan companies and the resulting credit crunch with troubles on Wall Street has led lenders into a path of chaos, and threatens to undermine the entire mortgage loan business as we currently know it, according to Housing Predictor analysts. 
 
The discount rate cut of 50 basis points, which equates to a half point rate cut in interest rates may be the first step in a long series of rate cuts the Fed is on to help improve the ailing U.S. housing market. The Fed left open the door in wording with the announcement of the rate cut that it is open to further reductions. 
 
Housing Predictor forecasts more than 250 local housing markets futures in all 50 U.S. states and regularly updates it forecasts and information. Search for homes, including foreclosures and get the latest on your markets forecast at Housing Predictor.About the Author: Mike Colpitts is the Editor of Housing Predictor. To find out just what the Fed needs to do to help save the U.S. economy from falling into a recession and help avert a worsening housing crisis visit <a href="http://www.housingpredictor.com" title="http://www.housingpredictor.com" target="_blank"><a target="_blank" href="http://www.housingpredictor.com">http://www.housingpredictor.com</a></a> Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/real-estate-articles/fed-needs-to-cut-rates-more-219378.html" title="Fed Needs To Cut Rates More">Fed Needs To Cut Rates More</a>

The Federal Reserve Board of Governors needs to quickly cut interest rates further in order to stop the U.S. housing market slow down from worsening and avert a national recession, according to a new report by Housing Predictor.

The Fed finally acted to cut interest rates by a half a point and help the U.S. economy, especially the nation's ailing housing market. But the Fed's step to cut the chief bench mark rate is already too little too late for many American homeowners.

A record number of homeowners in the millions are facing foreclosure or at least the threat of losing the roof over their heads. The crisis has exploded into the greatest foreclosure epidemic since the U.S. Savings and Loan Fraud Crisis in the late 1980's and threatens to worsen and produce the worst housing crisis since the Great Depression.

The Fed acts to maintain a balance of the national economy in order to avert economic down turns and hold off inflation. But the overall economy in the U.S. has already been damaged by the weakening U.S. housing market. Prices are declining in the majority of real estate markets, and too many Americans have used their homes as piggy banks to borrow against them.

The additional turmoil caused by the lack of mortgage funding for many loan companies and the resulting credit crunch with troubles on Wall Street has led lenders into a path of chaos, and threatens to undermine the entire mortgage loan business as we currently know it, according to Housing Predictor analysts.

The discount rate cut of 50 basis points, which equates to a half point rate cut in interest rates may be the first step in a long series of rate cuts the Fed is on to help improve the ailing U.S. housing market. The Fed left open the door in wording with the announcement of the rate cut that it is open to further reductions.

Housing Predictor forecasts more than 250 local housing markets futures in all 50 U.S. states and regularly updates it forecasts and information. Search for homes, including foreclosures and get the latest on your markets forecast at Housing Predictor.

Mike Colpitts is the Editor of Housing Predictor. To find out just what the Fed needs to do to help save the U.S. economy from falling into a recession and help avert a worsening housing crisis visit http://www.housingpredictor.com

Rate this Article:

0 / 5 stars - 0 vote(s)

Re-Publish

Related Articles
Related Q&A

Article Source: http://www.articlesbase.com/real-estate-articles/fed-needs-to-cut-rates-more-219378.html

Article Tags: Subprime, Housing, Housing Market, Federal Reserve, Fed, Rate Cuts, Mortgage Crisis

Latest Real Estate Articles
More from Mike Colpitts

Selecting a Neighborhood

By: Lokesh | 09/07/2009
It would be absolute right to say, you just don’t buy a house, you buy the neighborhood as well. Selecting the right neighborhood is as important as choosing the right home. If you conclude a property deal without paying too much attention to the neighborhood, chances are you are not going to like your home for too long and may start thinking of liquidating the property and look out for alternate options

Uncover Which Property Management Jobs are Perfect for You Today

By: Teo Zhenjie | 09/07/2009
Are you a newcomer to property management jobs? Then discover what are the different types of property management positions and how you can climb the career ladder in the shortest time possible.

Will Property Management Associations be Beneficial for You?

By: Teo Zhenjie | 09/07/2009
Property management associations often have much to offer property managers including training, networking and certification opportunities. Find out if they are worth your time and money right now.

Negotiating the Home Price

By: Lokesh | 09/07/2009
Negotiations are required in every sphere of our lives and property transaction is no different. The stakes are much higher since good negotiation skills can help you save money which could go towards furnishing your house. There are a few negotiation tips which would certainly help you handle this crucial stage.

Lake Arrowhead, GA: A Lake and Ecological Biotic Community

By: Jason Cantrantz | 09/07/2009
Lake Arrowhead, GA is a residential lake Community Of Interests wherein Biotic Community members are inserted in a ensured close holding. Here they can relish and bask a laid-back modus vivendi all new from the city living. Inside the domain lies their brandmark that plants Lake Arrowhead, GA aside from...

Lake Arrowhead Georgia: Experiencing Existing is Rest in Itself

By: Jason Cantrantz | 09/07/2009
Lake Arrowhead Georgia: When one is depending for the exact spot to construct a base, a lot of factors are established circumstance. For some, it is essential to be near occupation concentrates and other fashionable creature comforts, with some choosing to live inside an earshot of these. For some, location...

Lake Arrowhead: A Risk-free and Thrilling Locate to Endure

By: Jason Cantrantz | 09/07/2009
What more can you require for if you get to have an offering wherein you can stay and Go portion of a residential area drew close in an arena that has its own own lake and at the duplicate time a secured Range. Lake Arrowhead has its plugged gate to...

Home Purchase Location: How to Get the Best Deal in Real Estate

By: Maria | 09/07/2009
As you plunge into the vast and competitive world of real estate, there are several areas and aspects you ought to understand and put a lot of effort in order to improve and develop. One of the most salient elements involved in real estate is the home purchase location you need to address either as a buyer or seller.

Real Estate Foreclosures Forecast to Worsen

By: Mike Colpitts | 27/11/2007 | Real Estate
The foreclosure crisis will worsen in 2008 in the U.S. hitting a new record high, and will eventually surpass foreclosures in the Great Depression.

American Home Owners Blame Mortgage Companies

By: Mike Colpitts | 03/11/2007 | Press Releases
According to a new opinion poll just released by Housing Predictor, an over-whelming majority of home owners blame mortgage companies for the falling U.S. real estate market.

Mortgage Crisis Poses National Housing Recession Threat

By: Mike Colpitts | 01/10/2007 | Real Estate
The U.S. mortgage melt down has produced America's real estate crisis with falling home prices and record foreclosures, and it now threatens to produce the Nation's worst economic disaster in history, according to a new report by Housing Predictor. The real estate markets rocked for years with double digit appreciation or...

Housing Market Recovery Forecast To Be Slow

By: Mike Colpitts | 25/09/2007 | Real Estate
The nation's housing slow down will be a long haul and a full recovery won't occur until some time in 2009, according to a new report by Housing Predictor, which forecasts more than 250 local housing market futures in all 50 U.S. states. The report comes on the heals of a...

Fed Needs To Cut Rates More

By: Mike Colpitts | 24/09/2007 | Real Estate
The Federal Reserve Board of Governors needs to quickly cut interest rates further in order to stop the U.S. housing market slow down from worsening and avert a national recession, according to a new report by Housing Predictor. The Fed finally acted to cut interest rates by a half a point...

Fed Chief Confirms Housing Predictor Forecast

By: Mike Colpitts | 25/07/2007 | Real Estate
Federal Reserve Board Chairman Ben Bernanke has confirmed the Housing Predictor forecast that more than 2 million homes will be foreclosed as a result of the sub prime lending crisis. In a hearing before the Congressional House Financial Services Committee in Washington D.C., Bernanke essentially confirmed the Housing Predictor forecast...

Exclusive Report: Limited Damage In Sub-prime Fall Out

By: Mike Colpitts | 20/07/2007 | Real Estate
The economic damage caused by the fall out from the sub-prime loan crisis is limited, and should not cause major economic damage to the nation's housing markets or greater U.S. economy, according to an exclusive report by Housing Predictor. Housing Predictor forecasts more than 250 local housing markets in all 50...