Will QE3 Save The Real Estate Market?
In a third attempt to inject life in the weak United States economy, the Federal Reserve revealed plans to initiate a third round of quantitative easing (QE3).
The FED has announced a plan to purchase $40 billion dollars in mortgage-backed (MBS’s) each month. This plan, with an open end date, will provide flexibility for the FED to adjust its decision based on the response of the economy from month to month.
Source: Mortgage Refinance