La Jolla Real Estate, Del Mar real estate, Rancho Santa Fe Homes, Carmel Valley Real Estate, University City and
Downtown San Diego real estate, homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.






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 July 01, 2008

Fed Leaves Rate Unchanged
As most of you may know by know, the Fed has decided not to cut interest rates again, which will keep it at its current rate of 2%. With the looming inflation pressures, the decision turned out to be what many had predicted. Futhermore, many real estate experts didn't believe that cutting the interest rate, yet again, would do much for its current real estate market.
Also, these days loans can be a major obstacle for many prospective home owners. Lenders are not so eager to loan money during these times. There is always the thought that cutting the interest rate is good for the market and may, in turn, decrease loan rates, but the possiblity of inflation sparks fear.

Many experts agree that the main reason San Diego continues to remain one of the stronger economies has to do more with San Diego's luxury areas, such as, La Jolla, Del Mar, Rancho Santa Fe and Coronado. These areas continue to funnel money into San Diego making up for any economic slowdown.