Bernanke: Record-low rates still needed, as reported by USA Today, Chairman of the Federal Reserve, Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the U.S. economic recovery will last and to help cushion the sting of high unemployment. Bernanke struck a confident tone that the recovery should endure, but also expressed that rates will need to stay at exceptionally low levels for an extended period to in order to continue moderate economic growth as well as assist in the decline of unemployment rates.
Bernanke: Record-low rates still needed
1 comment • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • March 01 2010 10:41AMComments
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Jude - More buyers qualify to buy homes with low interest rates, and always generate more real estate business.