The Fed announced last week that interest rates would again be left alone.

 

Due to a weakening economy and declining housing activity, the Fed has yet again postponed the anticipated hike in interest rates. The interest rate hike won’t be revisited again until the next Federal Reserve meeting in mid-December.

 

The postponement of the rate hike is being met with a mix of criticism and praise. Many feel the economy is not being given the chance to recover and gain momentum by continuing to maintain low interest rates. Others are glad of the chance to enter the housing market locking in low rates and allowing new borrowers and investors the opportunity to help boost the economy over time.