Tidewater Real Estate Blog


Daily Real Estate News  |  December 17, 2009  |   Share
Fed Commits to Holding Down Interest Rates
The Federal Reserve said Wednesday that it would keep short-term key interest-rate target between 0 and 0.25 percent for an "extended period" – interpreted by many analysts to mean months.

Officials said in a statement after the close of its December meeting that the economy has “picked up,” unemployment is “abating,” and financial conditions have “become more supportive of economic growth."

The Fed also said Wednesday that it will complete its purchase of up to $1.25 trillion in mortgage-backed securities by March, a decision that could negatively affect the availability of mortgages
Posted by Brad Nichols on December 17th, 2009 7:42 PMPost a Comment (0)

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