Foreclosure Resources

In a move that most experts expected, the Federal Reserve decided today to leave the target for the federal funds rate--what the Fed charges banks to borrow money on a short-term basis--between zero and 0.25 percent, where it has been since December 2008. The Fed also repeated its pledge to keep rates low for an "extended period." Although it's uncertain how long this extended period will last, few are expecting a rate hike in the near future. "Everyone knows rates can't stay this low forever," says Doug Harsham, vice president of municipal trading at Raymond James. "It's just a question of when it's going to change and how drastically."
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