Nov 11

Low Interest Rates Are Here to Stay in 2013

 | Comments Off on Low Interest Rates Are Here to Stay in 2013

Well it looks like low interest rates are here to stay despite a recent spike in rates. Interest rates began to rise in May after Bernanke announced the Fed would begin tapering off their bond purchases. This announcement along with the subsequent rate increases by the Feds caused  a decrease in home sales through September. The adverse reaction by housing market has caused the Fed to continue buying bonds and reducing the interest rate. Home buyers can expect to see an interest rate around 4% throughout the rest of this year and into the beginning of next year.

Enhanced by Zemanta

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.