Fed Vows To Keep Interest Rates Low

In an unprecendented move yesterday, the Federal Reserve anounced it planned on maintaining the historically low interest rates for a period of 22 months as the global economy teeters in and out of a double dip recession. This news is of particular significance since the major push from economists and real estate entities such as […]

How Long Will Mortgage Rates Stay This Low?

Can you imagine interest rates at 18%? That’s where they were in 1981. That’s a $2,260 monthly payment on a $150,000 home. Wow! The same home today would cost about $800 a month. What a difference the interest rate makes. A key concern for economists right now is interest rates and how long they will […]