Interest Rate News
Friday, February 26, 2010
by Julie Butherus CRS, GRI
Federal Reserve Chairman, Ben Bernanke expects rates to stay exceptionally low for an extended period. Bernanke cited high unemployment, "subdued inflation trends & stable inflation expectations" as reasons for keeping federal funds rate near zero.
This is good news for our spring and summer market. Now is the time to think about getting your home ready to sell. Buyers are still trying to take advantage of the first time home buyer tax credit.