The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays

U.S. 10 Year Treasury News

The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays
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Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : The Federal Reserve on Wednesday afternoon cut the fed funds overnight bank lending rate by 50 basis points to the range between 4.75% and 5%. The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

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