New Fed Stimulus Could Send Loan Rates Lower
Mortgage LoanThe economy is still struggling to gain its footing, prompting several Federal Reserve officials to push for a new stimulus campaign, which could include a move that would push mortgage rates even lower. The Fed will discuss such moves at its policy-making committee meeting next week. Fed Chairman Ben S. Bernanke indicated to Congress last week that one of the items under consideration would be to further drive down long-term interest rates, which could pull mortgage rates down even more from their already-record lows. Some analysts have argued, however, that […]
