Federal Reserve chairman says an increase will be considered at some point on a meeting-by-meeting basis.
Fed keeps funds rate where they are, exceptionally low; Bankrate economist sees home equity opportunities.
Unstable home values, job insecurity and volatile stock market fears may be more of a concern for some members than what the rates are at their credit unions.
FOMC maintains low levels for federal funds rate at 0% to .25%.
The Federal Reserve’s Open Market Committee announced Wednesday it will keep the target range for the federal funds rate at 0% to 0.25%.
The Federal Open Market Committee on Wednesday maintained the federal funds rate at a range of zero to 0.25%.