It’s been all over the news recently, Interest Rates to drop to 4.5%! You’re thinking about buying a house but now you’ve decided to wait since rates will be coming down. Is that a good idea? Will they really come down? Will you really save money? Let me get out the trusty crystal ball and…Read More »
the housing market has been the engine that drives the US economy for some time, and unless something is done about this drag, we’ll see serious inflation hit us. That’s not something this administration wants to see, for sure, and not something you and I want to experience again. My crystal balls say the Fed will have to begin to drop interest rates again just to off-set inflation. I also think a drop in rates might help to short-circuit the huge number of foreclosures hitting other parts of the country.