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pH 208 390 0737
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Interest Rates Predicted to Reach 6%
Interest rates are likely to rise to 6 percent by the end of 2010, predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because private buyers will demand more return than the Fed.
"Extraordinary resources have been put into keeping the rates down and supporting the mortgage markets and it's hard to imagine that the rates can go much lower than they are," Crews Cutts said. "Anything we get at or below 5 percent is a gift at this point.
"Source: Washington Post, Dina ElBoghdady (12/26/2009)
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Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
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