Feds commit to Holding down interest rates

The Federal Reserve said Wednesday that it would keep short-term key interest-rate target between 0 - 0.25 percent for an "extended period" - interpreted by many analysts to mean months.

Officials said in a statement after the close of its December meeting that the economy has "picked up," unemployment is "abating" and financial conditions have "become more supportive of economic growth".

The Feds also said Wednesday that it will complete its purchase of up to $1.25 trillion in mortgage-backed securities by March, a decision that could negatively affect the availability of mortgages.

View one of our featured listings: 535 W Main Street, Malaga, NJ

535 West Main Street, Malaga, NJ 08328
$195,000.00



24 hour info line!  1-888-838-3266 x504
 Pre-Foreclosure home in immaculate condition. Sellers need to sell now and have kept the home in tip-top condition for you. Hardwood floors welcome you in the living room and continue throughout all bedrooms. The large eat in kitchen features tiled flooring, beautiful wood cabinets and plenty of counterspace. The 1 car garage has been converted to additoinal living space. You can easily convert back or use as a FR. A spacious full finished basement with wood burning stover, outside walkout, and abundance of storage awaits you as well. The large corner lot provides you with almost .75 acres of country living. Your outdoor screened-in sunroom is great for your summer gatherings. Special financing is available with Smart Start program and the Gloucester County Grant!