Federal Reserve maintains its low interest rates

According to the associated press on Thursday, May 2, 2013, the Federal Reserve plans to keep short-term interest rates at record lows at least until unemployment falls to 6.5%. And they will continue to buy $85 billion a month in Treasury & mortgage bonds. The bond purchases are intended to keep long-term borrowing costs down & encourage borrowing & spending. Unemployment is at 7.5% now, so first time home buyers, empty nesters, or home owners who want to step up, now is the time to consider purchasing or selling because these low historic interest rates will be going up soon. Look me up at http://www.localkatyrealty.com