Just How does the Fed Feel?

Just How does the Fed Feel?
by John Occhi, Hemet REALTOR
Hemet, CA Real Estate

Last week the FED (Federal Reserve Board) released its minutes of its December 12^th meeting where they decided not to raise or lower the interest rate.  Apparently, they are concerned with the national housing slump and the role it is having on the economy.

A potential rate cut for the next time they meet at the end of January was talked about, but the conversation was not included in the minutes, according to an unidentified FED member, the Washington Post reported.

The Hemet CA Real Estate market should respond well to this good news.  The new year is already showing more activity then we have seen in some time, an optimistic outlook for the Hemet CA homes for sale.  This should help keep mortgage rates low and affordable.

The benchmark rate remains at 5.25%.  Analysts are mixed in their opinions at this time if the FED will either lower the rate or let it ride.

Now Have a Blessed Day,

John Occhi, REALTOR®
Your Resource for Hemet CA Real Estate
http://www.johnocchi.com/