Tuesday, November 13, 2007

RBC expects Financial market volatility to prompt one more Fed rate cut in early 2008

Financial market volatility to prompt one more Fed rate cut in early 2008

Our assessment that financial market volatility will persist into early 2008 as the housing market meltdown continues suggests that investors and lenders will remain cautious and risk averse, which could limit credit availability and dampen borrowing activity.

Against this backdrop, we have revised our forecast and now expect that the Federal Reserve will cut the Fed funds rate by 25 basis points in the first quarter of 2008 to ensure that credit markets continue to function and that rates remain low enough to sustain borrowing by households and businesses.

Read more about Current Interest Rates

Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website. Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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