Real Estate: You Better Buy Before Interest Rates Soar!

Posted by Kathleen Couch at 6/25/2008 1:50 PM and is filed under news
Chairman of the Federal Reserve, Ben Bernanke, left interest rates as is.  This is the first time in 10 months that the interest rate has not been cut.  Fears of possible recession and rising inflation worries was the stated reason.  Some analyst feel the interest rate will start rising as soon as August, and others fell it won't happen until after the November election.

Some of us do remember the double digit interest rates of the 1970's and early 80's. We need to pray that won't happen again.

However, if you are in a position to buy real estate either as an investment, or as a personal residence, now is the time to act.

If you would like to read more about this, see this article:  http://news.yahoo.com/s/ap/20080625/ap_on_bi_ge/fed_interest_rates

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