Fed holds steady on Interest Rates
Friday, February 2nd, 2007The Federal Open Market Committee, know to many by its more common name, The Fed, held rates steady at it’s meeting this Wednesday.
Citing “tentative signs of stabilization” in the housing market. Orlando, being the super-market that it is, seems to feel market conditions in many areas faster and harder than many other markets. The report also cites “somewhat firmer economic growth.”
Stabilization and consumer confidence are what we’ve been seeing more and more of in the market over the last several months.
For additional information, check out the analysis at Bankrate.com.