Mortgage Blog

The Federal Reserve announced this past week that it would keep the federal funds rats at near-zero through mid-2015 or until unemployment levels drop substantially or increases too fast.  According to the Fed Open Market Committee meeting in August, data suggests that economic activity and household spending has continued to expand at a moderate pace in recent months. We could also be near the bottom in many Pa real estate markets which will also help borrowers who may be upside-down in their current      

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