Financial expert: Fed rate delay could be a gift to the housing market

Photo Courtesy of HBJ

Photo Courtesy of HBJ

By Cara Smith

Despite months of heavy speculation that the Federal Reserve would increase interest rates from near zero percent to 0.25 percent in September, interest rates remain unchanged since 2006. Most experts agree that the U.S. economy wasn’t to blame for the delay; instead, instability abroad, particularly in the Chinese markets, created apprehension on the Fed’s part.

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