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Fed decision keeps mortgage rates at record lows

by countyproperties | Sep 23, 2011 | Finance, Latest News, Real Estate news

The Federal Reserve’s plan to reinvest principal payments on some bonds into mortgage-backed securities is already contributing to the nation’s record low mortgage interest rates, Bankrate said Thursday. Bankrate said the Federal Open Market Committee...

Federal Reserve maintains target range for federal funds rate

by countyproperties | Aug 15, 2009 | Finance

The Federal Reserve today announced it will “maintain the target range for the federal funds rate at zero to 0.25 percent, and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended...

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