Market Update - 09/29/09 04:54 PM
The FOMC- Federal Open Market Committee, met last week to consider the future direction of interest rates, and it agreed to hold its short-term rate target at 0 -- 0.25 percent, the same level it has held since last December. The Fed adjusted the language of its statement just slightly, placing just a bit more emphasis on signs of improving economic activity. This gradual shift paves the way for the eventual time when the Fed will need to raise rates to a more normal level. But for now, the Fed confirmed its position that short-term rates will remain at their exceptionally … (5 comments)

 
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Dan Chapman

Dan Chapman Mortgage Pro

Santa Clarita, CA

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The Legacy Group

Address: 2805 Smyth Drive, Valencia, CA, 91355

Office Phone: (661) 295-4686

Cell Phone: (425) 503-3209

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This is my blog all about the world of Mortgages and financing. I will cover a variety of topics from what is happening in the current housing and mortgage market to how this affects you and your finances and what you can do to put yourself in a better situation financially. God Bless, Dan Chapman


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