Todays Low Interest Rates; Mortgages, Adjustable Rates, Home Loans Affordable; Federal Reserve Moves to keep Current Interest Rates USA Lower

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dow2664 Interest rates for adjustable rate mortgages will likely remain unchanged. On the opening market session of this month, the Federal Reserve announced that the average yield for one-year treasury bills would remain unchanged at .11 percent. This was good news for many Americans. Interest rates in America are still at relative lows and The Feds are taking specific action to keep short term interest rates at lower levels. Interest rates for deposits, credit, mortgages and home loans , and adjustable rate mortgages remain affordable while the U.S. economy attempts to make strides in the right direction. Recently, the U.S. economy made some positive gains. The national unemployment rate dropped below the 9 percent level and the number of American filing for first time unemployment benefits dropped lower as well. Both variable are positive signs. The Federal Reserve is working to keep funds available for the American public during this time of recovery. It is also anticipated that as the economy moves towards recovery, the lower rates will help to stimulate and kick start more positive action in the U.S. to help the recovery process along. The housing market is a good place to focus effort. A primary market survey reveals that the average interest rate right now for a 30 year mortgage is at 3.94 percent and the average for a 15 year mortgage home loan is at 3.21 percent. Stephen Johnson