22
Dec
Last Week In Review
by Derek Weeks - Denver RealtorPublished in: Mortgage Market in the News
On Tuesday, the Fed slashed the Federal Funds Rate (the rate banks charge each other to lend money overnight) by .75% to the lowest target range in history of 0% to .25%. The Fed also lowered the Discount Rate (the rate at which banks can borrow directly from a Federal Reserve Bank) by .75% down [...]