Tag Archives: The Federal Reserve and your mortgage

The Federal Reserve recently announced that it is going to keep short-term rates low until the end of 2014. This reflects an effort by the Fed to be more transparent with Wall Street as well as the American people In the past, the Fed has not been so open with their direction, but with the problems that our economy is facing, as well as the austerity problems that are occurring in Greece, Italy and Portugal, they are trying to keep the markets calm and rates low in the hopes of spurring the economy. What does this have to do with …