QE3... Fed to buy $40 million worth of mortgages per month

[DuRon Netsell]

I was just curious as to what everyone's reaction to the news this morning that the fed will provide another stimulus by buying $40 billion of mortgage backed securites each month. The article can be found [http://www.cnbc.com/id/49018964]

Just wondering how you guys think this will effect the national economy, national housing market, your own local housing market, etc.