Fed cuts half point as predicted. Let's Finance!

It's like a Brisk! The Federal Reserve cut a key short-term interest rate by a half-percentage point today, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.
U.S. stocks, which had been slightly lower ahead of the announcement, surged on news of the rate cut. I'm not going to toot my own horn here, but the Townsley rate-predictometer has been dead-on the money for months.
The "federal funds rate" is an overnight bank lending rate that affects how much interest consumers pay on credit cards, home equity lines of credit and auto loans, was cut to 3.0% from 3.5%. The rate had stood at 5.25% only four months ago. That's a lot of movement. Time to get busy. I'm never too busy for your calls to get it going now.: 415-485-1776, Pat Townsley, Mortgage Broker. http://www.ptre.net/

Fed Set To Cut Key Interest Rates By 1/2 point.

The Federal Reserve board could call for an "emergency meeting" at any time to announce a rate cut. We are in an official Recession. That in itself isn't a huge concern. If it goes on for three or four quarters, then we've got a problem. President Bush will announce, or attempt to announce, that the Federal Government is going to take action to help out the average American with some form of tax break or check...something to attempt to "stimulate the economy." It won't help (overall). Look for Ben Bernanke to announce a 50 basis point cut (1/2 point) at the next session. How will the markets react? They're already anticiapting it, so it's basically being priced into the economic models already. Mortgage rates and lenders are already ready. Now, if the Feds come up short with a 1/4 point cut, that will disapoint the markets; stocks will tumble, mortgage rates will rise. I will be here to take care of your real estate financing, regardless of where the market goes. I have been dead on with my finanical predictions, not that I'm a genius; far from it in fact, but when it comes to this stuff.... well, check the record! Pat Townsley, Broker. 415-485-1776. http://www.ptre.net/

Crisis Services Plan

Jan. 17 (Bloomberg) -- "Federal Reserve Chairman Ben S. Bernanke said fiscal stimulus of as much as $150 billion would help revive economic growth, while warning against any widening of the budget deficit in coming years." So what's the solutions when we are in a Recession? The US economy depends on AMERCIANS buying things. When they don't have money, they don't spend, the economy stalls. They're buying things on Credit that they can't pay back. Flooding the market with money doesn't help. Raising wages is always a disaster. I've got the answer. Please contact me for your Crisis Services Plan. Broker, Pat Townsley, 415-485-1776. http://www.ptre.net/