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Investors and the real estate world were on high alert for clues of when the Fed would begin to lift interest rates: The U.S. central bank has vowed to keep rates low until the labor market is deemed “healthy” and inflation stabilizes at 2 percent. Yellen, in a live press conference carried online on Marketwatch.com, cut to the chase, making these main points. • Inflation looks to be moving gradually to the 2 percent target. • Bond-buying would be cut by $10 billion per month. • The majority of Fed officials expect the first interest rate hike in 2015.

American Mortgage Resource Inc.

2 Winter St Suite #202, Waltham - MA - 02451
Phone: 1-617-972-8588
Massachusetts LIC # MB22431 NMLS ID Originator 22718
New Hampshire LIC# 22358-MBR
Member of the Cambridge Chamber of Commerce
Member of Massachusetts Mortgage Bankers Association
Member of Massachusetts Mortgage Association
NAMB

FHA & VA Approved | Residential and Commercial Lending | Reverse Mortgages Available | Boston and Massachusetts

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