Stating that the economy needs more help, the Federal Reserve announced that short term interest rates will remain near zero for nearly 3 more years.  This should affect long-term mortgage rates, as well, keeping them low.

Even with this news, critics say that the tighter lending standards still make it impossible for many Americans to take advantage of the low rates. 

Federal Reserve Chairman, Ben Bernanke acknowledged that this is still a problem and that the Feds may implement further steps if necessary to help the still slow recovery, but not exactly what those steps may be.

Read more at REALTOR® Magazine

Image Source: TotalMortgage.com

Posted in Buyer Resources, Headlines

Comment on this article

Name

Email
Your email address will not be displayed.

Site/Url
Your URL will be displayed.

Your vote

Poor Excellent

Comment text

Options

  Line breaks become <br />

  Remember me

  Allow users to contact you through a message form.

Captcha

Please enter the characters from the image above. (case insensitive)

Captcha code