Financing, For Buyers, For Sellers

Fed Interest Rates to remain at Historic Low

I just read about the Federal Reserve’s announcement that they will leave key interest rates unchanged for an extended period.  With low mortgage rates to continue, and the homebuyer’s tax credit for those who qualify, purchasing a home is still a viable option.

MSNBC wrote, “just in time for the holidays, a gift from the Federal Reserve: interest rates will remain at historic lows for an “extended period” in the hopes that cheap credit for car loans, mortgages and other consumer debt will help prod the recovery.

The Fed pledged Wednesday to hold rates down to help cut double-digit unemployment. Its key bank lending rate has stood at zero to 0.25 percent since last December.”  Read the entire article.