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bay area real estate: Feds Announce Bay Area Real Estate Mortgage Interest Rates to Stay Low Until 2014 in Alameda - 01/27/12 04:38 PM
For the past couple weeks mortgage rates have been inching up. That changed today, January 25th 2012 when we saw a huge rally in interest rates largely in part to the FOMC statement that rates are staying low until “late 2014”!!!
Let’s flashback to the December 13th meeting…
“The Committee also decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least … (2 comments)

 

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