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interest rates: Storm Watch - Interest Rates - 01/02/10 01:47 PM
The clouds are coming and the warning signs are in place. Interest Rates will be moving up soon. The strategy of waiting for lower home prices could back fire because of higher interest rates.
If you feel comfortable about your employment situation (particularly if you work for the public) I would consider shopping now. Rates will be moving up. Perhaps a full percentage point by this time next year.
Happy New Year Everyone and I wish us well.
 
… (2 comments)

interest rates: Future trip on interest rates....want a peek? - 10/24/09 07:13 PM
Rates are good now for the short term and one way to shed some light where our interest rates will be in the future is to look into our past.
I have attached a link showing the history of long term rates going back to 1971.  See below:
http://www.freddiemac.com/pmms/pmms30.htm
In my old marketing stuff I found a chart reporting long term rates from 1799 up to 1992.  (That's right I started in this business back in 1799) It revealed long term interest rates were at or below 8.5% - 95% of the time.
When you review the history of rates you … (2 comments)

 

Kirk Williams

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