When will interest rates go down?

According to analysts on MSNBC they predict that the Fed will not lower interest rates until the end of 2007 or maybe the beginning of 2008 depending on how poorly the housing market does. The housing numbers are the worst since 1984, and many feel we have not bottomed out yet. The Realtors spin that this is not a bubble bursting but rather a bubble letting some air out. We will need to keep an eye on foreclosures to see how the housing market (which has a significant effect on the stock market and economy) will fair. This is bad news for people selling their homes, but excellent news for those who are looking to buy. If you can time it correctly you can get a great home for a low price and set yourself up with a low interest rate and affordable mortgage

1 comment:

  1. What's your thought on when they will go down?


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