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Latest FOMC efforts will this help the housing market?

By Stanley Stepak

Real Estate Agent with Howard Hanna - Avon Lake, OH 2006004434

September 13, 2012 10:24 PM

Have you read this today on what the government is doing to stimulate the market?? What is your take?

"Today the Federal Open Market Committee announced a new round of asset purchases — better known as quantitative easing — that will target the housing market. The FOMC plans to buy $40 billion worth of mortgage-backed securities per month on an open-ended basis in an effort to further drive down interest rates."

The full article is here in Forbes this morning.

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Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

There is no government initiated action that will substitute for genuine consumer or business market activity.

Whose money are they spending every month??

Sep 13, 2012 10:55 PM

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Rainmaker
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Stanley Stepak

Realtor - Avon Lake, Avon, Bay Village, Westlake,

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Providing valuable education and services while serving those in search of buying and selling a home in Northeast Ohio. Specializing in Avon Lake, Avon, Bay Village, Westlake, Rocky River areas.Stan Stepak

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