While Ben Behrnake appears to be remaining the head of the Federal Reserve for a few more years, which seems to be good at this time, it is a good thing that they are keeping interest rates at an all time low.
With many changes happening in Federal Reserve policies, I had been concerned that the Fed Board of Governors might feel the need to begin a steady increase in the interest rates that are primarily used for home loans. But it seems that this will not be the case. The Board of Governors has followed a policy that coupled with other policies that we are not seeing coming out of the Administration yet, that should help the housing marke to rebound.
Comments(0)