Feds Hold Feds Fund Rate at 5.25% on June 28, 2007
Feds Fund Rate Held at 5.25% on June 28, 2007
The Feds released their statement today about their meeting over the last two days and decided to keep the Fed Funds Rate at 5.25% as everybody expected. The feds noted improvements in inflation but were skeptical that inflation may still become a problem which leaves the door open for them to raise rates later this year if need be.
John R. Thomas – NMLS# 38783
Certified Mortgage Planner – Primary Residential Mortgage, Inc.
302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office
248 E Chestnut Hill Rd, Newark, DE 19713