Fed News Indicates Low Mortgage Rates
Some good news from the Federal Reserve indicating that mortgage rates will remain low.
Economic activity is picking up and deterioration in the labor market is abating, the Federal Reserve noted yesterday as it kept mortgage rates low.
The Federal Reserve said most of its lending programs would expire as scheduled because of “improvements in the functioning of financial markets.”
The statement reinforced forecasts that the Fed will wait at least six months before raising borrowing costs. By confirming plans to end its aid to bond dealers, short-term debt markets and money-market mutual funds, the Fed signaled it sees a waning in the “unusual and exigent” conditions that prompted creation of the programs in 2008.
Mortgage Rates
Economic activity is picking up and deterioration in the labor market is abating, the Federal Reserve noted yesterday as it kept mortgage rates low.
The Federal Reserve said most of its lending programs would expire as scheduled because of “improvements in the functioning of financial markets.”
The statement reinforced forecasts that the Fed will wait at least six months before raising borrowing costs. By confirming plans to end its aid to bond dealers, short-term debt markets and money-market mutual funds, the Fed signaled it sees a waning in the “unusual and exigent” conditions that prompted creation of the programs in 2008.
Mortgage Rates
posted by CRHOME.com at
6:44 AM
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