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» The Federal Interest Rate & Hard Money

Posted on 2/24/2005

The Federal Reserve Rate, which technically refers to the interest rate set by the Fed for banks lending money overnight to one another, controls many of the interest rates in the U.S. Hard money is specifically tied to the Fed Rate because hard money is a type of secured investment. Unlike residentail real estate loans, hard money is tied up with securities and investments and is therefore directly related to how much an investor could earn in another endeavor.

For the current Fed/Prime Rate, use the link on Avatar's home page to RealEstateJournal's published rates. These come directly form the Wall Street Journal.

Posted in Miscellaneous