{"id":2033,"date":"2012-01-26T18:46:15","date_gmt":"2012-01-26T18:46:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=2033"},"modified":"2012-01-26T18:46:19","modified_gmt":"2012-01-26T18:46:19","slug":"fed-vows-to-keep-rates-low-until-2014","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/fed-vows-to-keep-rates-low-until-2014\/","title":{"rendered":"Fed Vows to Keep Rates Low Until 2014"},"content":{"rendered":"

Fed Vows to Keep Rates Low Until 2014<\/h1>\n
\"Fed<\/a>

Fed Vows to Keep Rates Low Until 2014<\/p><\/div>\n

The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners.<\/p>\n

In August, the Fed had made a rare move to say it would keep rates near zero until at least mid-2013. The Fed said Wednesday that the economy still needs more help and it will now extend that period to 2014.<\/p>\n

Fed Chairman Ben Bernanke said in a news conference that the Fed isn\u2019t happy with the modest economic recovery and that the Fed may need to take additional steps to spur recovery. He did not comment further on what those steps might be, though.<\/p>\n

While the economy has improved somewhat in recent weeks, Fed officials say it\u2019s worried about \u201cstrains in global financial markets\u201d and the still high unemployment rate.<\/p>\n

Some critics say that the Fed\u2019s vow to keep mortgage rates longer won\u2019t do enough to help the economy and the housing market. They argue that too many Americans are already unable to take advantage of the record low mortgage rates because of the tightening of lending standards.<\/p>\n

Bernanke shared that concern, saying that millions of home owners were unable to refinance because of damaged credit or being from underwater in their homes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fed Vows to Keep Rates Low Until 2014 The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners. In August, the Fed had made a rare move to say it … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,9],"class_list":["post-2033","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-tips","item-wrap"],"yoast_head":"\nFed Vows to Keep Rates Low Until 2014 - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years good for long term rates\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/fed-vows-to-keep-rates-low-until-2014\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fed-vows-to-keep-rates-low-until-2014\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fed-vows-to-keep-rates-low-until-2014\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Fed Vows to Keep Rates Low Until 2014\",\"datePublished\":\"2012-01-26T18:46:15+00:00\",\"dateModified\":\"2012-01-26T18:46:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fed-vows-to-keep-rates-low-until-2014\\\/\"},\"wordCount\":251,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fed-vows-to-keep-rates-low-until-2014\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2012\\\/01\\\/111031_fed-housing-hmed-1133p-300x225.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fed-vows-to-keep-rates-low-until-2014\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fed-vows-to-keep-rates-low-until-2014\\\/\",\"name\":\"Fed Vows to Keep Rates Low Until 2014 - 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