Yesterday the Federal Reserve released its statement after one of its 8 regularly schedule meetings. Chairman Ben Bernanke announced QE3, quantitative easing 3. QE is unconventional monetary policy used by central banks to stimulate the national economy. The statement also went on to say that the housing sector still needs support and that the latest round of QE would be focused there to the tune of 40 BILLION dollars per month.
So what does all this mean to you? Well if you own stocks, the markets hit a 5 year high yesterday. If you are in the market to buy a home rates just got lower, again, and no end date is set for the latest round QE. This news makes now and even better time to buy. Although getting a mortgage is not as easy as it once was, don’t believe the media it is not impossible either and you do NOT need 20% down. If you wish to apply, you can do here: http://seanz.usa-mortgage.com/.