Interest Rates Predicted to Stay The Same
I thought I’d share an interesting report regarding the housing market. Here is the transcript of radio clip I heard last night on KVIE, predicting that interest rates would remain the same through “very late in 2007″.
PRATT: By keeping the Federal funds rate unchanged, the Federal Reserve all but guaranteed that U.S. banks will keep the prime lending rate at 8.25 percent. That’s an early holiday gift for the U.S. as it gives a break to consumers and business borrowers. Suzanne Pratt, NIGHTLY BUSINESS REPORT, New York.
