Mark Zandi, a housing economist, recently addressed an assemblage of Realtors and asserted that he believes interest rates will remain low for the remainder of 2010...BUT...could start accelerating in 2011 and 2012. Deficit spending in the greatest threat to the U.S. economy, according to Zandi.
Changes in the interest rate can greatly affect "how much house" you can buy for your money. If you needed a "reason" to buy now....taking advantage of the current interest rates should be reason enough.
Thursday, May 20, 2010
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