Mortgage rates expected to be steady - 2004-02-03
The Federal Reserve's decision last week not to modify a key short-term lending rate reinforces the likelihood that interest rates on long-term loans such as mortgages will stay near their current levels for the next few months, experts say.
Fed policymakers cited a relative lack of inflation and slow job growth as reasons for keeping the federal funds rate -- the rate that banks charge each other for short-term loans -- untouched at 1 percent, a 45-year low.
Read the full story at Contra Costa Times 
