The fed is keeping the rates low for the exact reason of the fears surrounding the housing slump, which affects not only Americans but investors all over the world.

One of the best investments in the world is to tie into the great profits made over the course of a 30 year mortgage being paid off by the average middle-class American family, who are supported by at least one parent with a good steady job.

Since that scenario is on hold until after this recession clears, and since foreclosures are rampant due to unemployment, the investors, including many overseas, who banked on the American Dream continuing into the future, are losing their investment money, as mortgage payments go into default.

The housing sector is one of the most accurate barometers of the economy. It's why our leaders are so worried.

Marty, there is nothing in your rambling that answers my question. Anyone who has been halfway keeping up with the news knows everything that you posted. I am looking for quality answers to my questions.

I doubt it will have any impact on the housing slump.
The mortgage is likely to stay low for the next two years. But that does not mean people are going to buy houses.
Some people have bad credit score, and they cannot benefit from the low interest rate.
I think the only ones who benefit from the Fed's decision to keep interest low are the investors or speculators.
They can borrow with near zero interest rate, and then speculate on the stock market.