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(VIDEO) 9/21/11: FEDS APPROVE NEW STIMULUS PLAN TO LOWER INTEREST RATES

WATCH VIDEO NEWS UPDATE

Reports that the Federal Reserve has approved a stimulus plan today to lower interest rates are heating up the internet.  This new policy would help all areas of loans including mortgages and business loans, offering an added incentive for consumers and companies to borrow and spend more money.

This new policy would involve the sale of $400 billion in short-term Treasuries, in exchange for an equal amount of longer term bonds.  According to a statement by the Federal Reserve, “This program should put downward pressure on long-term interest rates and help make broader financial conditions more accommodative.”

Although interest rates are already at record low levels, additional cuts may entice buyers to buy a home and stabilize the housing market.  This makes buying a home even more attractive for move-up and first-time buyers.  Low interest rates + low home prices = INCREDIBLE OPPORTUNITY!

Want to take advantage of the good news…start viewing incredible homes or register here for your FREE list of available residences in  the Chicagoland area.

READ MORE HERE IN THE NEW YORK TIMES.

YOU MAY ALSO LIKE “TELL THE MEDIA TO SHUT THE FRONT DOOR!”

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September 21, 2011 - Posted by | CHICAGO BUSINESS - TOP PICKS | , , , , , , ,

1 Comment »

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    Pingback by (VIDEO) 9/21/11: FEDS APPROVE $400 BILLION STIMULUS PLAN TO LOWER INTEREST RATES « Brittaj17's Blog | September 21, 2011 | Reply


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