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San Diego foreclosure and REO real estate and condos are on the rise, and San Diego real estate investors are making money and deals on San Diego foreclosure and REO real estate. Now the Feds have cut the rate by .75 percent after a global sell off, now is the best time to invest in a San Diego foreclosure or REO property. Even as San Diego foreclosure Realtors and Seasoned San Diego foreclosure real estate agents, we were surprised at the recent Federal rate cut.

In a surprise move, the Federal Reserve has cut the federal fund rate by .75 percent down to 3.5 percent after a global sell off occurred in overseas markets. The Martin Luther King day holiday had US markets closed allowing the Fed to take this preemptive move.

It will be interesting out there when the market opens. Analysts were calling for as much as a 500 point drop at the open in the DOW Industrial Average.

The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 percent, down by three-fourths of a percentage point from 4.25 percent.
The Fed action was the most dramatic signal it can send that it is concerned about a potential recession in the United States. It marked the biggest one-day move by the central bank in recent memory.
The Fed decision was taken during an emergency telephone conference with Fed officials on Monday night. Those discussions occurred after global financial markets had plunged Monday as investors grew more concerned about the possibility that the United States, the world's largest economy, could be headed into a recession.

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