Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Will Anyone Really Benefit From QE3?

Thursday, October 18, 2012 - 8:39 AM
QE III has been announced and is in the process of being implemented. The stated goal is for the Federal Reserve to purchase mortgage backed securities in an effort to both lower interest rates and increase liquidity in the housing market. Will home buyers and homeowners actually be the beneficiaries of such a program? That remains to be seen.

Will Anyone Really Benefit from QE3?
2
ShorebreakShorebreak2,364 posts since
Apr 6, 2010
Rep Points: 12,576
1. Thursday, October 18, 2012 - 8:47 AM
Interest Rates can't go much lower.  Isn't this going to cause people who are not in a financial condition to afford a house to go out and buy a house, then in 2 to 3 years we will have another round of foreclosures? 

The interest rate on my savings is already almost zero, so if rates go down further will I be paying the bank interest to store my money in the savings account?
3
dpandslemmendpandslemmen21 posts since
Feb 10, 2011
Rep Points: 105
Reply