Economy Encourages Fed to Leave Rates Alone
February 2nd, 2007 by 
babygirl
The economy grew during the fourth quarter at the fastest pace since early 2006 while inflation moderated, prompting the Federal Reserve Board to leave interest rates unchanged yesterday.
The Fed voted unanimously to leave unchanged its target rate for short-term interest rates, at 5.25 percent. This rate drives mortgage and credit card rates.
In announcing no change, the Fed said recent data “have suggested somewhat firmer economic growth, and some tentative signs of stabilization have appeared in the housing market.”
Source: USA Today, Barbara Hagenbaugh (02/01/07)
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Posted in Real Estate in USA, Mortgage Rates, Credits, crediting rates, Mortgage Loan, Interest Rates, Housing market | 