Fed Vows to Keep Rates Low Until 2014 - The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners. In August, the Fed had made a rare move to say it would keep rates near zero until at least mid-2013. The Fed said Wednesday that the economy still needs more help and it will now extend that period to 2014. Read article:
http://realtormag.realtor.org/daily-news/2012/01/26/fed-vows-keep-rates-low-until-2014
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