On Wednesday, The Federal Reserve made an unorthodox move aimed at lowering long term lending rates and sparking more spending. The Fed announced that it would sell $400 billion of short term government bonds and replace them with longer term government bonds of equal value. By the end of June 2012, the Fed intends to purchase $400 billion dollars worth of treasury securities with remaining maturities of 6 to 30 years. This program should make financial conditions more accommodating. So what is the Fed trying to achieve? It wants to lower interest rates for business owners and consumers. Lower mortgage and auto loan rates could increase sales and business investment. Also lower bond rates could lift stock prices because low treasury yields .
With the prices of Real Estate in St.Augustine at an affordable price along with historicall low interest rates, now is the time to buy a Home in Saint Augustine . Are you looking to purchase a Home in St.Johns County? Please visit my website at www.BethRuggeri.com and search for current listings in the St.Johns County MLS.
Watson Realty Corp.