Fed Rate Cut and Gambling

As we all know or should know by now the Feds cut the rate by 50pts today moving it to 4.75.  Althought this will not have an immediate affect on us, it does show us the first encouraging steps to a healthier market down the road. Which is a very long road for some markets.  My sales partner Brandon Causey and I have been having some fun betting on how much the feds would cut and anayziing market conditions.  In an ealier blog by Brandon we both agreed that the Feds would cut 50pts.  We nailed it kudos to both of us!  Now I am calling for a 25pt reduction in both October and December whereas Brandon is calling for a 50pt reduction in December.  Either way we are having fun gambling on the Feds. The feds are realizing that they are playing with a very hot fire that could get out of control and they showed us first hand today that they are not messing around!  The next round of cuts could come in October or December in which any case could lower the lending rate to 4.25 by the end of the year.  Time will tell us everything, the question now remains will this help invite the speculators, investors, and buyers who did not get in the real estate boom back .  We all know that in the next nine months credit will be tighter but money will be cheaper.  It could turn out to be a great time to be working with investors, speculators, and buyers to pick up forclosures, second homes, and or retirement homes.  2 comments on ActiveRain...

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Scot Thrapp
Coastal Palmetto Realty
Conway, SC

Office Phone: (843) 349-1220
Cell Phone: (614) 284-4608
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