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Wednesday, March 24, 2010

Fw: Today's News: Fed Says Keeping Rates Low Is Key

John Rose
561-414-0012


Sent from my Verizon Wireless BlackBerry


From: "REALTOR(R) Magazine Online" <NAR@newsletters.realtor.org>
Date: Wed, 24 Mar 2010 12:31:02 -0400
To: <john@johnjrose.com>
Subject: Today's News: Fed Says Keeping Rates Low Is Key

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March 24, 2010

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Fed Says Keeping Rates Low Is Key
The Federal Reserve's Janet Yellen says interest rates should be kept at record-lows for the housing recovery.
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Sunbelt Growth Slows Down
A study by the U.S. Census reveals that those near retirement are staying close to major cities with employment opportunities.
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U.S. Urged to Keep Role in Mortgages
Treasury Secretary Timothy Geithner says the U.S. government should support the residential mortgage market but not through Fannie and Freddie.
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Applications to Purchase Homes Rise
The weekly survey by the Mortgage Bankers Association reveals mixed numbers compared to last year.
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Housing Costs Too High for Public Sector
The Center for Housing Policy reports that housing is too expensive for many employed in public-service jobs.
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BofA Debuts Plan for Underwater Mortgages
Bank of America announces a program to allow underwater borrowers to reduce the principal they owe over five years, as long as they are current with payments.
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