The Federal Reserve left its target interest rate near zero and will continue winding down its unconventional programs, the central bank said Wednesday -- though there were new signs of internal disagreement about how much longer to continue its extreme efforts to support the economy.
Following a two-day policymaking meeting, the Fed said the weak economy and subdued inflation "are likely to warrant exceptionally low levels" for interest rates "for an extended period." (But) It also said it will follow through with plans to end a $1.25 trillion program to support the mortgage market by the end of March, and taper off other special lending programs by Feb. 1...
This should be a very real motivator for your buyers who are currently in the market and will be getting financing.
If your interested in the full article and more detail on the internal fight over sustaining the low rate stimulus:
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/27/AR2010012704802.html
For your success,
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