Weekly Interest Rate Update

If you are thinking of purchasing a Downtown Condo or Loft, the weekly Interest Rate update should always be of interest.
This week things remained stable. Interest Rates did not go up and they did not go down. Janet Yellen (FED) has communicated that she would like to see rates remain consistent in order to keep some stability in the national housing market. The Downtown Real Estate market has benefited from the stability this year. Properties are being bought and sold and buyers have confidence in the Downtown market. One thing to watch out for is the possibility of inflation. Interest rates would go up in order to make sure inflation scenarios do not hurt the economy. ')}