Attention Investors/ First time home Buyers

Good afternoon to all. I wanted to share the news if you have not heard.
The Federal Reserve announced late yesterday that they are keeping the interest rates low, these are among the lowest levels we have seen in years.
This is great news for first time home buyers who can still take advantage of the $8000.00 Tax Credit and the low interst rates. This is also a great time if you are an Investor and do not want to use all of your cash flow and would like to finance properties. I work with a couple of great lenders and would be happy to refer any Investor or First time home Buyer to them. The article below details the Feds decision and why. Very interesting Read in Today's Wall Street Journal.
Best Regards,
Nancy

Home Buyers Get a Reprieve
The Wall Street Journal - September 24, 2009

By Sudeep Reddy and James R. Haggerty

The Federal Reserve, in a move aimed at keeping interest rates low for home buyers through early next year, decided to extend and gradually phase out its purchase of mortgage-backed securities.

The Fed's action signals its belief that the economy, while in recovery, remains fragile and that housing, which has seen some improvement in recent months, has only started to pull out of its slump.

"We definitely need help from the government," says Lee Barrett, president of Century 21 Barrett, a real-estate brokerage firm in Las Vegas. "I don't think the market can make it on its own." He also ... Click Here to Read the Rest of this Article at Wall Street Journal.com