The Federal Open Market committee today decided to maintain the target for the federal funds rate at 0% to 0.25%.  I shared this with a co-worker today and we both laughing joked I wonder if they could lower it to a negative number....We stopped laughing long enough to raise our eye brow and ask I wonder.....

The Fed
But regardless the reasons this is great news for the Real Estate Industry and buyers looking to buy a home.  The decision was based on a still struggling economy and rates should  remain low into 2011.

To see the report click here:  Fed Announcement