Mortgage News
Federal Reserve to stretch housing market plan
| Shared by Niicss on Fri Sep 25, 2009 2:32 am | |
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Federal Reserve has showed confidence in the recovery of the real estate market and has decided to extend the pace of a program intended to lower mortgage rates and sustain the housing market. Thus, it is expected that the rates on home loans would remain low. Apart from this, the Federal Reserve also decided to keep the target range for its key bank lending rate at a record low - between zero and 0.25 percent. Source: http://www.google.com/hostednews/ap/article/ALeqM5g_S5cSA_kwYiaPl9e-FmlENxHSxwD9ATADDG0 |
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sara
 Joined: 05 Jul 2006 Moderator Posts: 1679 Location: New Brunswick, New Jersey 315.11 Dollars($) |
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