The Federal Reserve is considering an end to its extraordinary treasury and mortgage-backed security purchasing program, known as quantitative easing, this October. This measure has injected large amounts of currency into the economy, lowering interest rates and increasing investments. In particular, mortgage rates, which currently average 4.12 percent for a thirty-year loan, are still near their historical low of 3.31 percent set in November 2012. Relatively low rates helped spur the housing recovery, reduced interest costs and increased consumer spending in Nevada and throughout the nation.

The impact of the slow end of quantitative easing was largely felt in June of 2013, when interest rates increased 65 basis points (0.65 percentage points) from the previous month. The program’s actual end is expected to have modest impacts on interest rates in the near term; rates have adjusted for much of it already. It does, however, potentially mark a turning point in the recovery, one where the national economy no longer needs extraordinary measures to move forward.

Click here to read more.