Federal Reserve Launches Operation Twist!
Today, in a move to stimulate the economy, the Federal Reserve announced the launcing of Operation Twist. With this move, the Fed is selling $400B in shorter term bonds and reinvesting the proceeds in longer term bonds. The goal is to spur borrowing via signficantly lower interest rates on all types of loans. Watch for Home Mortgage Interest Rates to continue to fall and remain low for a longer while. With these unprecedented actions, now is an ideal time to take advantage of such historically low rates through the purchase or refinance of your home!
