Feds Should Keep Rates Low

Wednesday, January 28, 2009

Feds Should Keep Rates Low

Interesting stuff from the Feds today. They are making noise that they will keep rates low throughout the year. What is most interesting is the fact that they may be open to buying treasuries and mortgage back securities. If that happens, it should lower mortgage rates. This is a reason rates have been up a bit lately, because they are having a hard time finding buyers of these mortgage backed securities. Stay tuned.

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