What Will Mortgage Rates Be For Gilbert Arizona Residents In 2012-2013? (I may know)

No, I’m not Psychic. It seems the Federal Reserve is looking into the idea of taking their once private forecast of interest rates and opening it up to the masses. The Federal Reserve revealed that until 2013 the short-term interest rates will remain right around zero. The New York Times reports that If the Federal Reserve chooses to move forward with their public predictions, it would forecast the direction interest rates are going for the next 3 years. It is believed that it would be almost like the quarterly forecasts it currently makes public about economic growth, unemployment, and inflation.

So, let’s hope their predictions for interest rates are correct and save us all a little money this new year. If you are or know of someone looking to buy or sell a home in Gilbert, AZ  or the East Valley please contact one of our agents here at Innovative Real Estate Team. We are here to help.

Have a wonderful day!

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