The Federal Reserve has indicated it intends to maintain short-term rates

by The Real Estate Faction on July 2, 2010

The Federal Reserve has indicated it intends to maintain short-term rates at low levels for now, long-term rates can fluctuate with the market. Since January, the weekly 30-year mortgage rate has ranged from a high of 5.21 percent in April to this week’s low. Economists believe the rate is more likely to increase this… year and into 2011. C.A.R. forecasts interest rates will average 5.6 percent this year.

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