Bernanke Expects Housing Recovery

In a closed door session with Senate lawmakers, federal Reserve Chairman Ben Bernanke testified that he expects the U.S. housing market to begin recovery this year.

Sen. Pete Domenici (R) said, “He let us believe that the housing situation should begin to ameliorate by the end of the year”.

Bernanke signalled that further interest rates might be forthcoming, but at 1% the fed funds rate is already close to zero.  The federal reserve may institute unconventional tractics such as buying U.S. Treasuries.

Related posts:

1. Fed Says Growth Likely To Return
2. California Housing Woes To Continue
3. Fed Purchases Of Mortgage Backed Securities To End
4. Higher Mortgage Rates Possible
5. ‘Seasonality Disorder’ In The Housing Market?

Comments

• Sponsor

• Recent Posts

  • Lenders Want More Credit Information
  • Federal Reserve Targets Big Banks
  • The Impending Reform of Fannie Mae and Freddie Mac
  • Tax Credit Helps Homes Sales Increase
  • Baltimore Sues Wells Fargo, NAACP Backs Off

• Archives

  • 2011
  • 2010
  • 2009
  • 2008

• Blogroll

  • Debt Consolidation Solutions
  • Mortage Lenders