What Does the Federal Reserve Do Anyway?
October 4, 2010 by Monica McNamara · Leave a Comment
With the economy in the news every day, more attention is being focused on the Federal Reserve than ever before. The Federal Reserve is made up of twelve Federal Reserve Banks, overseen by the Board of Governors. The Board of Governors is located in Washington, DC and is comprised of just seven members, who are [...]
Where Are These Interest Rates Going – Ask The Experts
October 31, 2009 by Monica McNamara · Leave a Comment
Mortgage Rates Seen Below 6% Through 2010 Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Still, the MBA expects rates to remain extremely attractive throughout 2010, helping to juice home sales and insert [...]
