Federal Reserve Pledge To Record Low Rates
Alan Zibel from The Associated Press reports that "In the wake of a slowing real estate market, the Federal Reserve said Wednesday that the economy is "proceeding" and pledged to hold interest rates at record low, near zero rates."
That is great news - though not unexpected - from the FED. The record low rates are a help to the housing market with more buyers being able to aford housing. Good news for the sellers as well as the buyers.
For the full story please refer to:
http://www.realtor.org/RMODaily.nsf/pages/News2010062403?OpenDocument
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