Update on Interest Rates! Rates continue to fluctuate
Posted by spencerjanke on March 4, 2010
Interest Rates went down a little again this week. After jumping a little at the end of last week. In the last couple of days we are seeing a huge surge of Refi applications throughout the United States. As buyers and home owners prepare for higher interest rates in the months ahead.
Apparently everyone is heeding my warnings, and have finally realized these rates are a very short term situation. Consumers are preparing for rates to jump back up to what they need to be. It is going to be intersting to see how this shakes out in the economy. I keep having this discussion with many other professionals, and it shocks me to hear the many different opinions. I mean, really? How can you not see that rates can not stay as low as they are currently? With inflation looming over our heads, if we don’t do something things could get a lot worse really fast. Lets just cross our fingers and pray at this point..
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