Fed cuts interest rates .5%

Let me repeat it. The Federal Reserve Board has announced on 9/18/2007 that they have cut the short term interest rate .5% or the current rate which is 4.75%. This is the government's way of fixing the current housing problems and economy. It is too soon to tell how this will affect the current Austin real estate market but I sure hope that it will bring out confidence to the public, hence, bringing out the motivated buyers. Come on out buyers and come to my Open House this weekend!