Life Style Denver by Gretchen Faber

What the Fed Wants Buyers to Do

The Federal Reserve kept the Fed Funds Rate low again yesterday in their monthly meeting.  This rate is used for banks as a benchmark for their overnight lending to each other, and is a short-term rate. Mortgage rates track with the bond market, and not the Fed Funds Rate, however, conventional wisdom suggests that the Federal Reserve governors feel that inflation isn't yet a risk, and that rates should remain low to keep the recovery moving forward. With rates low for, "an...Continue Reading!