The Real Estate Encyclopedia
Fed ready to provide fresh aid to revive economy
Category - Mortgage Questions - Mortgage Loans FAQ's

INTEREST RATES

The Federal Reserve signaled Wednesday that it stands ready to use new unconventional tools, or expand existing ones, to spur lending and consumer spending that could help lift the economy out of a painful recession. Policymakers also agreed to keep a key lending rate between zero and 0.25 percent for "some time" to help brace the economy.

WASHINGTON (AP) Jan. 29, 2009

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n2-012909.cfm

 
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Mortgage Questions - Mortgage Loans FAQ's
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