Lower Interest Rates

The Federal Reserve cut a key interest rate for the first time in four years in efforts to bolster the slumping housing market. The reaction on Wall Street was immediate. For the full report check out this article

http://www.cnn.com/2007/US/09/18/fed.interest.rates.ap/index.html?eref=rss_us


With the oil industry in an upwards swing, we have not felt the pains of the housing slump like the rest of the nation. Each month this year Midland has experienced an increase in building permits over 2006. In case you missed it, Midland was also ranked 15th in the nation in per capita personal income by the Bureau of Economic Analysis. Both of these articles can be viewed here

http://recenter.tamu.edu/mnews/mnsearch.asp?AID=16


~ Sandy