Feds Leave Interest Rate Unchanged

In a unanimous agreement following its latest policy meeting in Washington, DC yesterday, the Federal Reserve left unchanged the federal funds rate. The federal funds rate helps determine interest rates on home mortgages, credit cards, and other types of loans. Policy makers at the Federal Reserve noted that the economy still appears to be growing stronger. Their goal is to keep the economy healthy by raising interest rates steadily to keep the economy from overheating. Raising interest rates too quickly, however, could trigger a recession. Many observers expect the Fed to raised the rate following their next meeting in June.

Buying or refinancing a home anywhere in Georgia or in the metro Atlanta area? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net.


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