Mortgage interest rates are expected to remain steady following the Federal Reserve Open Markets Committee meeting today, but there is a growing concern among policymakers about how long the rates should continue at their artificial lows. Last month, the Fed decided to extend the program currently keeping commercial banks’ prime lending rate at a decades-low 3.25 percent in order to give the economy time to recover. Economists predict that because inflation is still low, the Fed won’t yet veer off that course. [Florida Today]
the real deal by email
news by neighborhood
New Jersey
Bronx
Long Island
Queens
Other Brooklyn Neighborhoods
Kensington / Windsor Terrace / Ditmas Park
Staten Island
Red Hook / Gowanus
Boerum Hill / Cobble Hill / Carroll Gardens
Park Slope / Prospect Heights
Bed-Stuy / Bushwick
Fort Greene / Clinton Hill
Dumbo / Brooklyn Heights / Downtown
Williamsburg / Greenpoint
Lower Manhattan
East Village / Lower East Side
Tribeca / Soho
West / Greenwich Village
Murray Hill / Gramercy
Chelsea
Far West Side
Midtown
Upper West Side
Central Park
Upper East Side
Harlem
Inwood / Washington Heights
TWEETS
- #Brooklyn brokers nab most transaction awards at @douglaselliman ceremony. Winners include @FaithHConsolo. via @trdny http://t.co/Nxelx7nB about 1 hour ago
- Shapot Team leaves @douglaselliman for @kw_nyc, via @trdny http://t.co/ZyBkpsSs about 1 hour ago
- #Brooklyn brokers nab most transaction awards at @douglaselliman ceremony, via @trdny http://t.co/Nxelx7nB about 2 hours ago
- Priciest home to hit Manhattan market this week is an #UES townhouse on 80th St. asking $26M, listed w/ @Corcoran_Group http://t.co/3j1zkE3E about 3 hours ago

