In a recent interview on 60 Minutes, Federal Reserve Chairman Ben Vernanky made it clear just how they plan on recouping the one trillion dollars that was used in recent bank bailouts. The Fed is going to do it by jacking the rates back up as soon as a recovery becomes evident.
What this means to you if you have had your eye on a home in todays buyers market, is that waiting too long to lock in a deal may be a mistake that you will live to regret. Sure loans are harder to get now but you will never see interests rates this low again in your lifetime. Originally posted at Interest Rates.
I know - and this scares me. Greenspan left them low too long and Bernake will certain take them sky-high when this thing levels off. And, inflation we're gonna have.