In a move that surprised the financial markets, the Federal Reserve has said it is not yet ready to wind down its massive monetary stimulus, and that is believed to be positive news for Gulf Shores mortgage rates.
The surprise announcement from the Fed means it might not begin to wind down its bond buying until after Ben Bernanke's term as Fed chairman expires next January.
As always, we will keep you informed on any news coming from the Federal Reserve as it may or may not affect Gulf Shores mortgage rates, as well as the Gulf Shores housing recovery.
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